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Aug 11
Industry Roundup: August 11, 2021

Marsh Brokers New Amazon Insurance Network Offering Coverage to Online Sellers

Insurance broker Marsh said it has collaborated with Amazon to build a new digital insurance network, Amazon Insurance Accelerator, where small businesses selling on Amazon can purchase product liability coverage.

 

AM Best Downgrades Credit Ratings for Kingstone Insurance Company

AM Best has downgraded the financial strength rating to B+ from B++ and the long-term issuer credit rating to “bbb-" from “bbb" for Kingstone Insurance Company (KICO) of Kingston, New York.

 

Companies Are Scrapping Plans for Fall as Delta Variant Spreads

Up until a few weeks ago, corporate leaders felt confident about what to expect this fall. Offices would reopen after Labor Day. Business travel would resume more broadly. Long-delayed work gatherings, conventions and off-site meetings would finally take place. The pandemic has, once again, upended many of those plans. The swift, startling resurgence of Covid-19 cases and hospitalizations across the U.S. is causing corporate leaders to rip up playbooks for the next few months.

 

U.S. Examining What Authority Businesses Have to Mandate Vaccines

The Biden administration is examining what authority businesses have to mandate vaccines, a top U.S. official told Reuters on Friday, as it considers what more steps can be done to halt the spread of COVID-19. While the shots are widely available in the country, some Americans have opted not to get them. Meanwhile, the fast-spreading Delta variant has threatened to undo the country's economic and public health gains.

 

5 Key Considerations When Implementing Mandatory Vaccination Policies

As more and more employees return to the workplace, employers are faced with the challenge of keeping their workforce and clients safe and healthy. To ensure that they comply with applicable laws, employers should weigh the following five considerations before instituting such policies.

 

'As Strong As Ever': How COVID Has Affected Construction Clients

A casual observer might think the U.S. construction market during a global pandemic would be in a state of disrepair. This is far from the case. The past 18 months have certainly presented challenges — from COVID-19 restrictions to mass housing uncertainty — and it hasn't been smooth sailing. But when assessing the emerging opportunities and risks arising from the transformation in consumer demand, it's clear the construction market is not stagnating but is as strong as ever.

 

Tech Tools That Increase Your Bottom Line

Technology continues to change the way insurance agencies conduct business, so it is vital to stay updated on evolving trends. If your agency has struggled with implementing and embracing technology, now is the time to catch up. One of the most significant benefits of utilizing technology is the positive impact it can have on your agency's bottom line.

 

Which Segments of The Transportation Industry Were Hit Hardest By The Pandemic?

With supply and demand fluctuating, several segments of the transportation industry have shifted gears over the last year – with brokers and carriers needing to move quickly to accommodate their clients' needs.

 

Ally Financial to Offer Home Insurance in Partnership with Hippo

U.S. online bank Ally Financial has agreed to backstop home insurance policies provided by Hippo Holdings Inc., providing capital for the latter to generate more business, the companies told Reuters.

 

Amazon Loses Bid to Halt New York Warehouse COVID Safety Probe

A federal dismissed Amazon.com Inc's lawsuit to block New York's attorney general from investigating the online retailer's ability to protect warehouse workers from COVID-19. ​

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