Workplace and individual health insurance plans will cover the COVID-19 vaccine as a preventive service, with no cost sharing. The requirement applies to the vast majority of private plans, which are mandated to cover approved preventive care under the Obama-era Affordable Care Act — even as the Trump administration is trying to overturn that law at the Supreme Court.

IFC extends $4-billion loans to private companies to fight pandemic

Oct 30, 2020

“Of the USD 8-billion pandemic fast track financing approved by our board in March, USD 4 billion have been committed to date, of which close to half is expected to benefit the people in the poorest countries,” Mengistu Alemayehu, IFC’s regional director for South Asia, said in a statement.

2nd study testing a COVID-19 antibody drug has a setback

Oct 30, 2020

Earlier this month, a different group of monitors recommended pausing enrollment in a U.S. National Institutes of Health study testing an Eli Lilly antibody drug to investigate a possible safety issue in hospitalized patients.

Insurers have to collect BI policy premiums for 150 years to make up for COVID-19 global losses:Geneva Association

Oct 30, 2020

Among the report’s, prepared by the Geneva Association, main findings are that, encouragingly, health and life risks for a pandemic resembling COVID-19 pose no fundamental insurability challenges.

However P&C insurers have nowhere near the capacity needed to shoulder projected global output losses of more than USD 4 trillion for 2020. By comparison, they collect USD 1.6 trillion in annual premiums, with just USD 30 billion for business interruption policies.

« Older Entries

Next Entries »

Briefs