The new name of this disease is coronavirus disease 2019, abbreviated as COVID-19. [UPDATE 1/26/2020] This story has continued to develop rapidly, with the CDC confirming 5 cases of the Coronavirus in the United States as of today. Some insurers, including Allianz and AXA SA, have temporarily waived that condition for certain claims related to coronavirus. The bottom line: Even with the spate of disputed claims from business owners, big insurance companies are taking huge hits to their bottom lines. ... –With assistance from Dan Reichl.
France Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline.
On February 11, 2020 the World Health Organization announced an official name for the disease that is causing the 2019 novel coronavirus outbreak, first identified in Wuhan China. In COVID-19, ‘CO’ stands for ‘corona,’ ‘VI’ for ‘virus,’ and ‘D’ for disease.
For Southern Cross, coronavirus became a known event at 2pm on January 31, for example, while for Tower Insurance it was 5pm on January 24. This type of insurance "is going to be on the tips of the tongues of all the boards and companies right now, that have experienced major losses" as a result of coronavirus, Ryan predicted.
Commercial Insurance Coronavirus, also known as COVID-19, has been declared a public health emergency of international concern by the World Health Organization and most firms are not prepared for the potential prolonged impacts on staff welfare, operations, supply chains and the broader economy arising from a globally-spreading infectious disease. No one will know until final reports are in, but our best guess at the moment is that about 36 million people have lost their jobs due to the COVID-19 pandemic shutdown. The list of locations with confirmed cases is evolving; go here for the latest case totals and locations. The coronavirus has reached Europe (3 cases in France) and Australia (also 3 cases). The companies that are pledging not to lay off workers amid the coronavirus unemployment crisis ... Marsh & McLennan chief executive Dan Glaser made a ... including workers in its insurance … Major Canadian insurance companies won’t cover coronavirus treatment for travellers to ‘high-risk’ countries ... Allianz spokesperson Dan Keon said.
Credit Insurance.