pandemic News

Apax-Backed Insurance Software Firm Duck Creek Raises IPO Price Range

Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million. Boston-based Duck Creek, which is …

D.C. Judge Hands Insurers Another Win in COVID-19 Business Interruption Fight

The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus. In a case brought by the owner of several restaurants against its insurer over business interruption …

Nevada Passes Virus Liability and Worker Protection “Deal”

CARSON CITY, Nev. — Nevada lawmakers voted to shield certain industries from coronavirus-related legal liability and require hotels and casinos to enact worker protection measures after days of complicated negotiations with Gov. Steve Sisolak’s office and the state’s most powerful …

The Odds of Catching Covid on a Flight Are Slim: Viewpoint

If you decide to fly, the odds that you will pick up Covid-19 are low, according to one expert analysis. Despite the known dangers of crowded, enclosed spaces, planes have not been the sites of so-called superspreading events, at least …

U.S. Refining Capacity Poised For First Big Drop in Nearly a Decade

NEW YORK/HOUSTON — U.S. oil refining capacity this year could decline by the largest amount in nearly a decade as pandemic-related travel curbs and a fire shut several plants, reversing years of small gains. Refiners globally have been idling plants …

AIG’s Pandemic Losses Hit $730M for First Half of 2020 -CEO

Insurer American International Group Inc racked up $730 million in COVID-19-related losses during the first half of the year, its chief executive officer said on Tuesday. The pandemic is a “formidable and ongoing catastrophe,” AIG CEO Brian Duperreault said during …

Hail, High Water and Lockdown: Europe’s Fruit Growers Prepare For Tough Harvest

PARIS/LONDON, July 31 — Europe’s been eating more fruit under lockdown, by all accounts. The problem is, it could struggle to find people to pick it. The region’s growers are preparing for upcoming summer and autumn harvests of apples, pears …

Insurers Face Possible British Action Over Calculation of Pandemic Payouts

LONDON — Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face action by Britain’s markets watchdog. The Financial Conduct Authority (FCA) has taken eight insurers to court over business …

COVID-19 a Growing Share of Shrinking Work Comp Claims in 2 States

COVID-19 has become a large chunk of a dwindling number of workers’ compensation claims in Florida and California, limited data shows. The number of COVID-19 workers’ compensation claims reported in California more than quadrupled to 22,621 since the last data …

Hackers Are Targeting the Remote Workers Who Keep Your Lights On

In July alone, hackers took over the twitter accounts of U.S. politicians, stole terrabytes of coronavirus research and even infiltrated the U.K.’s Premier League soccer clubs. Can they cut off your electricity, too? They’re trying. With millions of Americans now …