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Covering Coronavirus: Risk Considerations Volume 2, Issue 1

… simultaneously released to theaters and streaming service HBO Max. With movie theaters still shuttered in New York and Los Angeles, attendance was down 92 percent at AMC theaters in October and November. If that trend doesn’t turn around, the movie company would need over $750 million to keep its locations open. A look back at 2020 reveals an ever darkening trend for the entertainment and live events industry. Early on, the pandemic halted movie and TV productions entirely and forced the cancellation of concerts and other live events. Media stocks plummeted and many people lost their jobs. While the …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-2-issue-1/

Covering Coronavirus: Risk Considerations Volume 1, Issue 28

… announced the addition of coronavirus testing facilities at both O’Hare International and Midway Airports. The city is hopeful that the presence of easily accessible testing locations will encourage the resumption of both leisure and business travel though its airports. Navigating the dynamic business landscape in a post-coronavirus era will require patience, flexibility and a willingness to both embrace new technologies, as well as knowing when older customs, such as a face to face meeting, are required. FMCSA Extends and Expands Emergency Declaration The Department of Transportation (DOT) announced on December 1 that all necessary regulatory measures have …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-28/

Pharmacy Update Nov 2020

… pled guilty to three federal criminal charges formally admitting its role in an opioid epidemic that contributed to hundreds of thousands of deaths over the past couple of decades. They will pay $8.3B in penalties and over $225M in fee’s back to the United States Government. CVS Pharmacy Offering PayPal, Venmo Touchless Payment  CVS Pharmacy is now offering touch-free payment using PayPal and Venmo QR codes at 8,200 standalone retail locations. This allows customers to securely pay for their items without needing to touch a keypad or sign a receipt, while also being able to …

https://www.epicbrokers.com/insights/pharmacy-update-nov-2020/

Covering Coronavirus: Risk Considerations Volume 1, Issue 27

… there are other notable wins in the policyholders’ column. In Studio 417 v. Cincinnati Insurance Co., a U.S. district judge in Missouri denied the insurer’s motion to dismiss a complaint filed by Studio 417. The court found that the presence of coronavirus in the salon chain’s Missouri locations were a physical substance that attached to and damaged their property. Therefore, rendering them unsafe and therefore presented a valid reason for the case to move forward. In a later suit, Blue Springs Dental Care v. Owners Insurance, the same judge restated the same argument, finding reason for the …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-27/

Coronavirus: Risk Considerations Volume 1, Issue 25

… Mutual Insurance Co., workers and family members filed suit against McDonald’s for public nuisance and negligence because of their decision to remain open during the pandemic. The plaintiffs contend they have been exposed to the virus and incurred an increased likelihood of contraction because of the fast food chain location’s decision. In the absence of federal legislation, states have forged ahead with liability and compensability measures of their own. In Michigan, a bill guaranteeing immunity for health care workers providing COVID-19 care from civil action was passed 29-8, and a second bill aims to protect businesses …

https://www.epicbrokers.com/insights/coronavirus-risk-considerations-volume-1-issue-25/

Hospitality Client Showcase: East Meets West

… reopen immediately once Governor Newsom allowed indoor dining to resume. They were concerned that having to reconfigure the inside would not generate the same sales as before. They were also concerned about the safety component of operating both inside and outside. During this time, they corresponded with their landlords to determine how much outdoor dining could be achieved at their locations. When Governor Newsom once again closed indoor dining, it was a “body blow” to the brothers. However, they were buoyed by the willingness of some of their landlords to help them create attractive outdoor dining space as well as

https://www.epicbrokers.com/insights/hospitality-client-showcase-east-meets-west/

The Employer Healthcare Market Appears to Be Stable – but for How Long?

There is more evidence that COVID-19 is not going to be as bad for employee benefit claims as feared. Last week, Unum released a report on leave trends and found that claims were down in the late summer, despite COVID-19 incidence increasing in many locations. Since March 2020, there has been a fairly steady decline in both leave requests and short-term disability claims, and the percentage of those claims related to COVID-19 has also declined. During the most recently reported period, ending September 13, these incidents amounted to only 11% of claims, down from a high …

https://www.epicbrokers.com/insights/the-employer-healthcare-market-appears-to-be-stable-but-for-how-long/

Covering Coronavirus: Risk Considerations Volume 1, Issue 24

… and professional services sectors. Of course, once events do resume, they will look entirely different than before the onset of the pandemic. Sales-oriented conferences and trade-show exhibitions may be the first to resume in-person events. However, many events will retain virtual and hybrid options, even using multiple locations to keep attendees levels lower at each spot, yet higher overall. China and South Korea provide an interesting example of what the U.S. may hope to achieve. There, major domestic auto and construction trade shows resumed in April with 40,000 attendees. Health and safety requirements and mandatory …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-24/