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June 11, 2020 Edition

Headlines


 
The ratings agency said its estimate is limited to the U.S., and it assumes virus exclusions in commercial property policies with business interruption coverage will hold and that legislative efforts to ignore them will fail. 
 

Business


 
Nearly all commercial lines saw price hikes. Some saw double-digit increases: Directors and Officers liability, excess/umbrella, commercial auto and property.
 
 
Another proposed public-private partnership reinsurance program is being talked about to cover pandemic-related business interruptions.
 
 
The metal detectors at the gate might soon be joined by thermal body scanners to help prevent the spread of the new coronavirus and other airborne diseases.
 
 
As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with hurdles due to the civil unrest in many U.S. cities.
 

Education


As our employees work from home, we’re taking specific cybersecurity precautions to protect our network and maintain your access to WSRB data and information.
U.S. insurer CEOs expressed optimism Thursday that business interruption policy wordings on commercial property insurance policies related to the coronavirus pandemic will hold.
New research shows that the restrictive measures taken around the world to slow the spread of the coronavirus have delivered considerable health benefits.
Most workers in Washington will be required to wear a mask or face covering at work under new coronavirus workplace safety and health requirements that take effect June 8.

Environment


 
Communities were counting on historic levels of funding to prepare for climate change-driven disasters. Now, efforts are on hold.
 

Innovation


 
Self-driving cars, touted by developers as a way to eliminate road deaths, could likely only prevent a third of all U.S. road crashes, an analysis of traffic accidents found.
 
 
Companies working on self-driving cars have criticized a study suggesting that only a third of all U.S. road crashes could be prevented by driverless cars.
 

About InsuranceEDGE

 
Curated weekly by WSRB experts, InsuranceEDGE helps you work smarter. You don't want to miss an issue. Get InsuranceEDGE delivered to your inbox every Thursday. 
 
 
 
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