coronavirus News

Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal

Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market’s 2019 results. Neal said it is too early for the market to assess the …

Coronavirus Is Delaying Vital Safety Work Across Oil and Gas

The , is delaying vital maintenance across the oil and natural gas industries in Europe and North America. Restrictions on the numbers of contractors on rigs, pipelines and production sites are forcing companies to delay work that’s been planned for …

Viewpoint: Observations on Climate and Pandemics

Climate and Pandemics COVID-19 is a slowly unfolding catastrophe that poses a serious threat to humanity worldwide. Unlike a tornado, hurricane, or even flood, it is hard to say when the event will end. Unlike heat waves and droughts, it …

Another Restaurant Files Suit to Force Coverage for Virus Shutdown

Two California restaurants has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s commercial insurance policy covers losses caused by a statewide business shutdown ordered to prevent the spread of coronavirus. The lawsuit filed …

Coronavirus-Related Crimes Capitalize on Global Fear, Panic

WASHINGTON — Thieves steal surgical masks. A clinic sells fake COVID-19 tests. Hate groups encourage sick members to infect law enforcement officers. Imposters pose as public health officials. Con artists peddle fake cures and financial scams. As the coronavirus pandemic …

U.S. Corporate Crisis Bailouts May Prove Bonanza For Insider Trading, New Study Warns

WASHINGTON/BOSTON — White-collar crime prosecutors and defense attorneys are likely to be busy following a massive economic stimulus package from the U.S. Congress aimed at mitigating the fallout from the coronavirus, according to a new academic study of insider trading. …

As Coronavirus Hits Memorial Services, U.S. Funeral Homes Struggle to Adapt

SAN FRANCISCO — U.S. funeral homes are adapting their businesses to social distancing and the rapidly spreading coronavirus. Like companies across the United States, funeral homes and mortuaries are limiting contact with customers in order to avoid spreading the highly …

Paul Tudor Jones Sees Regular Virus Testing, Isolation In Future

Billionaire Paul Tudor Jones said workers in the U.S. should start thinking about resuming a different kind of life after the worst of Covid-19 — one with widespread testing and periodic self-isolation. The legendary trader and hedge fund manager, who …

Ford’s Plan to Gradually Reopen U.S. Factories Concerns UAW

Ford Motor Co.’s plan to restart production at some of its most important U.S. plants roughly a month after they shut down will have to overcome immediate skepticism from the United Auto Workers union. After halting North American production as …

Native American Casino Owner Sues Lloyd’s, AIG Over Coronavirus Losses

A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among the defendants named in …