COVID-19 Resources

COVID-19 Resources for Insurance and Risk Management Professionals

The COVID-19 pandemic is an unprecedented Black Swan event that is testing the resilience of countries, economies, businesses, and societies. To help insurance and risk management professionals navigate this rapidly evolving coronavirus crisis, IRMI Research Analysts are analyzing policy provisions, monitoring state regulatory responses, and curating applicable content from our extensive library.

Bookmark this page to help you quickly access coronavirus resources and check back for frequent updates.

Updated February 23, 2021

Free COVID-19 Resources

Expert Commentary Articles

Two employees wearing medical masks

Perils of Pandemic Premium Audits

Many states issued emergency rules requiring immediate premium audits with the thought that this would bring premium relief to troubled businesses; however, these rules created confusion and high administrative costs. Mark Walls gives some examples that help explain what insurers, brokers, and businesses are dealing with while trying to manage their businesses during a global pandemic.

>> Read more.

Construction worker wearing a medical mask on a construction site

COVID-19—The Effect on the Construction Site

When we speak about COVID-19, we talk about the forced quarantines, the physical barriers, and the need for spacing reminders on floors. In this article, TJ Lyons gives us other social and system concerns to consider.

>> Read more.

US COVID-19 health insurance form

The Dilemma of Insuring Virus Claims

The consequences of COVID-19 have been widespread and devastating to domestic and global economies around the world, upended businesses of all sizes. Was COVID-19 predictable? Are resulting losses insurable? Is COVID-19 a black swan event? These are all good questions.

>> Read more.

Workers in bio hazmat gear

Proactively Manage COVID-19 Risks in the Built Environment

Today, there is a lot of misleading information on how to reduce the coronavirus hazard in buildings. However, relying on antimicrobial chemicals alone as a risk management strategy to make the occupants of a building safe from COVID-19 is fraught with undue risk.

>> Read more.

Five business people sitting in an office meeting wearing medical masks

The Continued Impact of COVID-19 on Workers Compensation

The COVID-19 pandemic has been with us for over 9 months now, with no end in sight. As more time passes, the impact on workers compensation is becoming more evident. However, we are still in the early stages of developing claims, and it will be some time before we have clarity on the full impact.

>> Read more.

More Resources

IRMI Podcast

IRMI Ag Podcast sponsored by Nationwide

Lessons from Disasters: Wildfires to COVID-19

What happens when the entire planet becomes a disaster area due to a pandemic? Rich Hallock, vice president of the Greenspan Company, discusses lessons learned from claims handling and elaborates on how working effectively in disaster areas like those caused by wildfires is normal for Greenspan; however, there's nothing normal about the impact of COVID-19.

Listen to the Podcast

IRMI Construction Podcast

COVID-19 and the Construction Industry

Gary Kaplan, president of AXA XL Construction, shares his perspective on how contractors and insurance companies are adapting regionally to COVID-19 and on the potential short- and long-term impacts of the prolonged pandemic on both the construction and insurance industries.

Listen to the Podcast

White Papers

Coronavirus COVID-19

Pandemic Strategies: Risk Management Lessons from the Ebola Crisis

This report explores the threats a pandemic poses to an organization, insurance coverage issues, loss control strategies, and how risk managers can learn from the current crisis to improve their organization’s ability to weather future catastrophic events.

Download the Report

Captive.com Articles

Record Breaking

COVID-19 Pandemic Could Contribute to Record Catastrophe Losses

The COVID-19 pandemic looks to rank among the insurance and reinsurance sector's most expensive events, contributing to total 2020 catastrophe losses ranging from $100 billion up to $160 billion.

 >> Read more

Relilience road sign

Reinsurers Exposed to COVID-19 Losses but Appear Resilient to Pandemic

As both the human toll and the business impact of COVID-19 continue to mount, reinsurers look well positioned to ride out the pandemic. The industry entered the crisis well capitalized. It's also likely to benefit from policy exclusions that will limit some pandemic-related losses..

 >> Read more

US Pandemic

As Business Losses Mount, Pandemic Backstop Discussions Grow

The human impact of the COVID-19 pandemic is obvious, undeniable, and often tragic, but there's also a significant toll on business. As many business try to determine how they'll cope with a significant loss of revenue, they are discovering that their business interruption (BI) coverage won't cover their COVID-19 losses.

 >> Read more

Crisis Management

COVID-19 and the Need To Think about Leadership and Crisis Management

As we self-quarantine and seek a return to normalcy, real leadership is called for. But what does leadership in a time of crisis look like? 

>> Read more.

Coronavirus Impact

COVID-19's Possible Impacts on Captive Insurers Are Varied

Captive insurance companies will no doubt feel the impacts of the novel coronavirus pandemic and the COVID-19 disease it causes, both in the near term and possibly in the future, as captive owners look to close holes the outbreak is revealing in insurance programs. 

>> Read more.

Exam and CE Updates for Insurance Professionals

WebCE

Testing, Exam, and CE Updates

IRMI subsidiary WebCE is tracking the latest updates regarding the following: 

  • Testing center closures for various licensing exams
  • States waiving self-study exam proctor requirements for insurance professionals
  • Renewal and CE due date extensions for insurance professionals

Access WebCE Updates

Subscription COVID-19 Resources

The links in this section highlight content that is available with a paid subscription. If you have questions or need assistance, please contact IRMI Customer Success or call us at (800) 827-4242

Insurance Law Essentials Deep Dives Graphic

Hidden Trend In COVID Business Interruption Cases—Voluntary Dismissals 

With all eyes on the unfolding court decisions regarding whether these massive COVID-19 losses will be covered by insurance, another trend is quietly emerging without much notice—voluntary dismissals. The reasoning behind this abandoning of their pursuit of coverage may be found in other trends. 

    Insurance Law Essentials Deep Dives Graphic

    COVID Business Interruption Coverage From The Insured’s Point Of View

    Thousands of policyholders have made claims on their property insurance policies to recover business interruption losses due to the COVID-19 pandemic. This Insurance Law Essentials Deep Dives outlines some of the policyholders’ strongest arguments in favor of coverage under “all risk” property insurance policies for business interruption losses. 

      Insurance Law Essentials Deep Dives Graphic

      Are Policyholders Really Winning COVID-19 Cases?

      With the flurry of new court decisions, now is a good time to step back and study the arguments that are prevailing with the courts in this Insurance Law Essentials Deep Dives to really understand the seminal issues in this insurance dispute of epic proportions. 

        COVID-19 Insurance Law Essentials

        A Second Win for Insurers in BL Coverage for COVID-19 Loss

        In this Insurance Law Essentials Deep Dives, commercial property insurers win again as a D.C. court holds that losses suffered from restaurant closures due to the pandemic are not covered. This is the second court ruling out of hundreds of business interruption lawsuits against carriers.

          COVID-19 Coverage Issues Business Interruption Cases Map

          COVID-19 Business Interruption Cases

          Insurance Law Essentials, a comprehensive online legal resources bundle, provides a dynamic overview of the business interruption cases in each state. IRMI is tracking these cases as they progress and providing access to the court pleadings and the important motions filed by each party.

            Risk-Management

            Practical Risk Management

            The July 2020 update of Practical Risk Management includes two articles in the Risk Management Notes newsletter that explore in depth these issues related to the COVID-19 pandemic.

            Is There Possible Cash Flow Relief in Insurance Premium Payments?

            COVID-19 and Business Interruption Coverage

            Commercial Property Insurance

            Commercial Property Insurance Online Reference

            This comprehensive guide has recently been updated to include discussions of the optional endorsements made available by Insurance Services Office, Inc. (ISO) in February 2020 in response to the corona virus outbreak. The reference also includes in-depth analysis of key coverage provisions and the virus exclusion endorsement.

            Commercial Property Insurance Links

            Subscribers to the Commercial Property Insurance in IRMI Online or Reference Connect can access the following links.

            Business Income Loss From the Coronavirus

            February 2020 ISO Endorsements

            Key Coverage Provisions and the Virus Exclusion Endorsement

            Closed Due To COVID

            The Risk Report: Business Income Loss From the Coronavirus

            IRMI looks at the question of coverage for coronavirus business income loss, focusing on analysis of the policy language and the related court cases. Current proposals to alleviate the tremendous loss of income caused by the pandemic are also addressed.

            truck driver wearing a medical mask

            IRMI Workers Comp Online Reference

            This reference now includes workers compensation and COVID-19 resources to assist with navigating the new normal for employers and their workers. Subscribers can access links to state legislative/regulatory initiatives directed at compensability, state workers compensation administrative organizations COVID-19 content, and workers comp insurance regulators resources on COVID-19 

            United States Map

            COVID-19 Cancellations and Related Bulletins from Insurance Regulators

            The individual states departments of insurance have the authority to set guidelines for cancelling or nonrenewing insurance policies. With the spread and ramifications of the coronavirus (COVID-19), several state departments have issued directives regarding temporary regulations or grace periods for premium payment, cancellations or nonrenewal notices. Below is a listing of the states that have issued bulletins applicable to temporary suspension of payments, cancellations, or nonrenewal of personal lines and commercial property and casualty insurance policies during the COVID-19 state of emergency.

            Subscribers to the Commercial Liability Insurance, Commercial Property Insurance, Commercial Auto Insurance, IRMI Workers Comp, and Personal Risk Management and Insurance can access a synopsis of each state's bulletins along with links to the full text. This information will be updated regularly and is available in IRMI Online or Reference Connect. 

            Alabama Alaska Arizona
            Arkansas California Colorado
            Connecticut Delaware District of Columbia
            Florida Georgia Hawaii
            Idaho Illinois Indiana
            Kansas Kentucky Louisiana
            Maine Maryland Massachusetts
            Michigan Minnesota Mississippi
            Missouri Montana Nebraska
            Nevada New Hampshire New Jersey
            New Mexico New York North Carolina
            North Dakota Ohio Oklahoma
            Oregon Pennsylvania Rhode Island
            South Carolina Tennessee Texas
            Utah Vermont Virginia
            Washington West Virginia Wisconsin

            Other COVID-19 Resources

            The links in this section are to free third-party resources that we think you will find helpful and informative. These resources are not part of IRMI.com or IRMI subscription content.


            Employment Law

            Free Webinar—The Legalities of a Tough Situation: COVID-19

            To help employers navigate the challenges presented by COVID-19 and new legislation, Don Phin, coeditor of IRMI's Employment Practices Liability Consultant (EPLiC), has put together an in-depth webinar with information, tips, and best practices on how employers can respond to the evolving legal landscape.

            View the Webinar

            Zywave COVID Resource Center

            Zywave COVID-19 Resource Center

            As the number of COVID-19 cases continues to grow, proactive education and communication with your clients is critical. Use these resources, created by Zywave’s team of in-house experts, to help your brokerage and your clients navigate the COVID-19 pandemic.

            View Zywave Resources

            Get the Latest Updates from IRMI

            Free Expert Commentary—stay current on COVID-19 updates with our thought-provoking industry commentary written by industry experts.

            View Free Articles


            IRMI Podcast—listen in as industry experts give tips and strategies on how to gear your risk management and insurance programs for a pandemic.

            Listen to IRMI Podcast


            Subscription Resources            —risk management and insurance subscription content to help you navigate these unprecedented times.

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