Life Insurance Boom Amid the crisis brought on the coronavirus pandemic, insurance companies have been rocked both by criticism and by claims. Several local and national governments have ordered companies to refund premiums or to accept clients who normally would have been refused. But in the midst of all this, the life insurance business seems… Continue reading Life Insurance Steady Under the Quarantine
Tag: Covid-19
Allianz CEO Says Virus Hit Insurers Like ‘Meteorite’
Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses across the industry. The virus has forced closures across the entire economy and not just in a limited number of cases, Baete said. Any recovery from those shutdowns will likely take longer than people currently… Continue reading Allianz CEO Says Virus Hit Insurers Like ‘Meteorite’
Airlines Begin Pulling Passenger Seats to Make Room for Cargo
With a global shortage of air cargo space and extraordinary demand to move emergency medical supplies, some overseas passenger airlines are taking out the seats on aircraft to make more room for freight. And U.S. airlines are asking the Federal Aviation Administration (FAA) for permission to fly cargo in the main deck where passengers normally… Continue reading Airlines Begin Pulling Passenger Seats to Make Room for Cargo
Poll Finds Americans See Infectious Diseases, Terrorism, Cyberattacks as Top Threats
Americans rank the spread of infectious disease, terrorist attacks and cyberattacks as the top national security threats, a study released by the Pew Research Center on Monday found. Pew researchers found that 79 percent of those surveyed ranking the spread of infectious diseases, such as COVID-19, as the top threat to the country. More than… Continue reading Poll Finds Americans See Infectious Diseases, Terrorism, Cyberattacks as Top Threats
Wimbledon’s Organizers Set for a $141 Million Payout After Taking Out Pandemic Insurance
Wimbledon was set to run from June 29 to July 12 this year, but was cancelled for the first time since World War Two, because of the coronavirus pandemic. But according to Action Network sports business reporter Darren Rovell, the organizers are set to receive a $141 million payout thanks to the coronavirus pandemic insurance… Continue reading Wimbledon’s Organizers Set for a $141 Million Payout After Taking Out Pandemic Insurance
Nearly a Third of U.S. Apartment Renters Didn’t Pay April Rent
Nearly a third of U.S. apartment renters didn’t pay any of their April rent during the first week of the month, according to new data to be released Wednesday by the National Multifamily Housing Council and a consortium of real-estate data providers. The numbers are the first hard look at how many Americans are struggling… Continue reading Nearly a Third of U.S. Apartment Renters Didn’t Pay April Rent
Farmers Destroy Crops Grown for Restaurants, Hotels
U.S. farmers have destroyed millions of pounds of perishable food like tomatoes, lettuce and green beans because growers lost a vast number of customers after the coronavirus pandemic struck. “It’s a catastrophe, it really is,” said Tony DiMare, a long-time tomato grower based in Palm Beach County, Fla. DiMare said he let 10 million pounds… Continue reading Farmers Destroy Crops Grown for Restaurants, Hotels
Travelers’ $100 Million Plan to Provide Financial Assistance to Agents and Brokers
The Travelers Companies, Inc. today announced that it will accelerate commission payments to eligible agents and brokers to help them address the liquidity impacts of the COVID-19 crisis. In total, Travelers is accelerating more than $100 million, a significant boost of cash flow to its distribution partners when they need it most. “As so many… Continue reading Travelers’ $100 Million Plan to Provide Financial Assistance to Agents and Brokers
An Outbreak Among Farm Workers Would Be Catastrophic: Opinion
There is no evidence that Covid-19 has been transmitted by food or food packaging, according to U.S. federal health agencies. How the virus fares among food workers may be a different story. By law, food manufacturers must prevent anyone who is sick or has a communicable disease from handling, processing or preparing food for human… Continue reading An Outbreak Among Farm Workers Would Be Catastrophic: Opinion
Microsoft Warns Hospitals of Sophisticated Ransomware Attacks Targeting Remote Workforce
Microsoft is warning hospitals that sophisticated ransomware attacks are trying to exploit remote workers to gain access to their networks. As healthcare organizations move their nonessential employees to work remotely during the COVID-19 pandemic, ransomware operators are trying to find vulnerabilities in network devices like gateway and virtual private network (VPN) appliances. Through Microsoft’s network… Continue reading Microsoft Warns Hospitals of Sophisticated Ransomware Attacks Targeting Remote Workforce