The Property & Casualty insurance industry has joined a broad coalition in the business community in advocating for the establishment of the COVID-19 Business and Employee Continuity and Recovery Fund (“Recovery Fund”). The Recovery Fund would be underwritten by the federal government and operate under the authority of a special federal administrator. The federal administrator… Continue reading Insurance Industry Joins Call to Congress to Take Action to Protect Businesses, Workers
Tag: Covid-19
United States Seeking Public and Private Solutions to Health Insurance Losses Due to Layoffs
Job Loss During the Pandemic Last week, over 3 million people filed for federal unemployment insurance – the most on record. The present pandemic has forced mass social distancing and the temporary closure of countless businesses. Millions of people are now being laid off of these jobs, or put on furlough until the crisis has… Continue reading United States Seeking Public and Private Solutions to Health Insurance Losses Due to Layoffs
COVID-19 Pandemic Fuels North American Employers to Pursue Cost-Containment Strategies: WTW Survey
As concern over the effect that COVID-19 will have on their businesses escalates, North American employers are eyeing a series of cost-containment strategies that include hiring freezes and, to a lesser extent, wage freezes or delayed raises, according to a survey by Willis Towers Watson, a leading global advisory, broking and solutions company. Additionally, some… Continue reading COVID-19 Pandemic Fuels North American Employers to Pursue Cost-Containment Strategies: WTW Survey
CAC Specialty and Fortress Equipped to Provide Financing Amid COVID-19 Impacts
CAC Specialty previously announced the formation of a strategic relationship with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The strategic relationship with Fortress allows CAC Specialty to support the capital needs of its clients in connection with acquisitions, recapitalizations, growth capital and other bespoke financing transactions. Through this relationship, Fortress is equipped… Continue reading CAC Specialty and Fortress Equipped to Provide Financing Amid COVID-19 Impacts
U.S. Airport Screeners, Health Workers Plagued by Fear and Anger as Coronavirus Spreads
As coronavirus cases exploded across the world, federal medical workers tasked with screening incoming passengers at U.S. airports grew alarmed: Many were working without the most effective masks to protect them from getting sick themselves. Screeners with the U.S. Centers for Disease Control and Prevention asked their supervisors this week to change official protocols and… Continue reading U.S. Airport Screeners, Health Workers Plagued by Fear and Anger as Coronavirus Spreads
North American Companies Take Steps to Protect Employees from Coronavirus Epidemic
Amid growing concern over COVID-19, a majority of North American companies are taking steps to protect their employees from respiratory infection and to prevent the spread of the new coronavirus, according to a recent survey by Willis Towers Watson, a leading advisory, broking and solutions company. These initiatives include launching employee communication campaigns, expanding the… Continue reading North American Companies Take Steps to Protect Employees from Coronavirus Epidemic
WeSure Launches Novel Coronavirus Pneumonia Insurance Covering 15 Million People Against Outbreak of Covid-19
Following the 2019 novel coronavirus outbreak (“Covid-19”), WeSure, Tencent’s insurance platform, swiftly established an emergency response team to provide real-time information to users, and introduced multiple insurance plans designed to protect those who may be affected. WeSure’s Covid-19 response team was assembled in early January 2020. On January 29, WeSure offered its first Covid-19 coverage,… Continue reading WeSure Launches Novel Coronavirus Pneumonia Insurance Covering 15 Million People Against Outbreak of Covid-19