News Center

News – Insurance Journal

Canadian Insurers Hit with Lawsuit on Refusal to Pay COVID-19 BI Claims A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. “Indemnity insurers are wrongfully refusing to honor their contracts,” said E.F. Anthony … POSTED APRIL 06, 2020 3:27 PM

Another Member PG&E California Wildfire Panel Resigns The former chief financial officer for a Northern California city destroyed in a 2018 wildfire caused by Pacific Gas & Electric equipment is trying to upend the utility’s plan for getting out of bankruptcy because she believes the company is … POSTED APRIL 06, 2020 3:01 PM

Idaho Authorities Say No Major Damage After 6.5 Earthquake The day after a magnitude 6.5 earthquake rattled Idaho, authorities near the epicenter say there have been no reports of significant damage or injuries. An earthquake struck north of Boise on Tuesday evening, with people across a large area reporting … POSTED APRIL 06, 2020 2:58 PM

Magnitude 4.9 Earthquake Confirmed in Southern California An earthquake with a preliminary magnitude of 4.9 rattled much of inland Southern California on Friday evening but no damage or injuries were reported, the U.S. Geological Survey confirmed. The quake struck just after 6:53 p.m. and was centered near … POSTED APRIL 06, 2020 2:56 PM

Allstate to Forgive 15% of Monthly Auto Premiums, Provide Free ID Theft Coverage Insurance carriers are continuing to step forward with offers of help for customers and communities affected by the coronavirus crisis. Allstate announced that its Allstate, Esurance and Encompass personal auto insurance customers will receive a Shelter-in-Place Payback, a premium credit … POSTED APRIL 06, 2020 2:01 PM

Chubb Vows No Layoffs During Coronavirus Crisis; Pledges $10 Million to Relief Efforts Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of the COVID-19 pandemic health crisis. The insurer has also pledged to give $10 million to pandemic relief efforts globally. “We … POSTED APRIL 06, 2020 1:37 PM

Quantemplate Hires Fagg, Perry to New York Sales and Solutions Teams Quantemplate, a provider of self-service, cloud-based automated data solutions for the (re)insurance industry, has hired Simon Fagg and Shannon Perry to its New York-based team. The new hires have joined both the sales and solutions teams and are responsible for … POSTED APRIL 06, 2020 1:25 PM

Pennsylvania Governor Places Seven More Counties Under Stay-Home Order Pennsylvania Governor Tom Wolf added seven more counties to his order to stay at home as the new virus expanded its reach and Pennsylvania reported another big jump in confirmed COVID-19 cases and deaths. Wolf told residents of Lebanon, Franklin, … POSTED APRIL 06, 2020 12:41 PM

Consumers Find Travel Insurance Policies Not Much Help in Coronavirus Crisis Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their plans, or worse, leaves them sick at sea. Most travel insurance companies won’t provide reimbursements for canceled trips due to … POSTED APRIL 06, 2020 12:20 PM

Insurers Say Forced Payouts for Excluded Virus Losses Risk Destabilizing Industry World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were not covered by policies risked destabilizing the insurance industry. With the global economy hammered by measures to halt the spread … POSTED APRIL 06, 2020 10:58 AM

Reuters: Health News

With hospitals stressed, U.S. enters 'peak death week' in coronavirus crisis The United States entered what an official called the "peak death week" of the coronavirus on Monday while a watchdog report said hospitals were struggling to maintain and expand capacity to care for infected patients. POSTED APRIL 06, 2020 12:53 PM

U.S. death toll from coronavirus tops 10,000: Reuters tally The U.S. death toll from the novel coronavirus topped 10,000 on Monday, according to a Reuters tally. POSTED APRIL 06, 2020 12:53 PM

New York Governor says coronavirus crisis may have hit plateau New York Governor Andrew Cuomo said on Monday that recent data on the novel coronavirus including hospitalizations and deaths suggest the crisis now hitting the state may be hitting a plateau. POSTED APRIL 06, 2020 12:49 PM

Testing times for India in race to head off coronavirus epidemic India, like a lot of countries plunged into crisis by the pandemic, is struggling to ramp up testing for the coronavirus, but in few places would the odds of containing the disease appear so bleak should domestic transmission start to multiply. POSTED APRIL 06, 2020 12:37 PM

UK PM Johnson in hospital with persistent COVID-19 symptoms but still working British Prime Minister Boris Johnson was in hospital undergoing tests on Monday after suffering persistent coronavirus symptoms for more than 10 days, but the government said he was in good spirits and still in charge. POSTED APRIL 06, 2020 12:33 PM

Coronavirus epidemic 'under control' in Norway: health minister The coronavirus epidemic is "under control" in Norway, the health minister said on Monday, pointing to the low rate of transmission of the disease. POSTED APRIL 06, 2020 12:19 PM

White House, experts clash over use of drug for coronavirus White House trade adviser Peter Navarro on Monday acknowledged that members of the task force dealing with the coronavirus crisis clashed over the efficacy of the malaria drug, hydroxychloroquine, for use against the disease. POSTED APRIL 06, 2020 11:50 AM

Iran supreme leader approves tapping sovereign wealth fund to fight coronavirus Iran's Supreme Leader Ayatollah Ali Khamenei has approved the withdrawal of one billion euros from the country's sovereign wealth fund to help fight the coronavirus epidemic, President Hassan Rouhani's official website said on Monday. POSTED APRIL 06, 2020 11:46 AM

Singapore reports 66 new coronavirus cases, total 1,375 Singapore's health ministry on Monday confirmed 66 more coronavirus cases, bringing the total number of cases in the city-state to 1,375. POSTED APRIL 06, 2020 11:43 AM

Spain's coronavirus death pace slows, though agony continues The pace of new coronavirus deaths in Spain slowed for the fourth day on Monday, though a shortage of cremation capacity in Barcelona and the death of soccer coach Pep Guardiola's mother showed the national agony was far from over. POSTED APRIL 06, 2020 11:18 AM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Bencivenga Insurance Agency confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.