By Samantha Young Three months ago, the nation watched as COVID-19 patients overwhelmed New York City’s intensive care units, forcing some of its hospitals to convert cafeterias into wards and pitch tents in parking lots. Hospitals elsewhere prepped for a…
Ransomware attacks pushed the loss ratio for U.S. cyber insurers up 10% in 2019, according to a new report from Aon plc. Aon reported the jump in loss ratio, or the percent of the claims paid by an insurer…
With most people working from home during the coronavirus pandemic, experts say the job to detect, contain, and deconstruct cyberattacks is more complex, according to The Wall Street Journal. Moving workers onto home Wi-Fi networks, and sometimes onto personal devices,…
By Carmen Heredia Rodriguez | KHN.org Pneumonia. Heart problems. High cholesterol. Betsy Carrier, 71, and her husband, Don Resnikoff, 79, relied on their primary care doctor in Montgomery County, Maryland, for help managing their ailments. But after seven years, the…
Two-thirds of people did not change their passwords following the notice of a data breach, according to new research from Carnegie Mellon University. Of the participants who did change their password on a breached domain, most changed them to weaker…
Insurers’ losses across multiple coverage lines have accelerated more swiftly than economic inflation, pointing to so-called “social inflation,” according to a new white paper by the Insurance Research Council (IRC). While there is no universal definition of social inflation, the term generally…
By Bernard J. Wolfson | Kaiser Health News Children have largely escaped the ravages of COVID-19, but children’s hospitals have not eluded the financial pain the pandemic has wrought on health care providers. Pediatric hospitals offered themselves as backups to…
By Fred Schulte | Kaiser Health News On March 17, Medicare chief Seema Verma stepped to the podium at a White House coronavirus briefing and unveiled a “historic action” to promote virtual medical care or telehealth. Verma temporarily lifted a…
The legal action over business interruption insurance stemming from the new coronavirus is shaping up to be a huge struggle. Two motions filed on April 20 asked the Judicial Panel on Multidistrict Litigation to consolidate federal lawsuits accusing insurance companies…
Captive insurance, a self-insured structure that covers unlikely risks, is proving to be beneficial as coronavirus pandemic impacts spread across the economy, according to reports. Some of the more common captive insurance coverage options, such as business interruption or supply chain disruption,…
