Very few companies had pandemic insurance, though some businesses with events had cancellation insurance. That's because pandemic insurance is really complicated to offer — and expensive.
Washington and other states have been hit by coordinated scam attacks that have resulted in "hundreds of millions" in theft. The groups leveraged old data breaches.
Online scams are now taking the shape of fake resumes for companies, fake job offers, fake unemployment sites, and fake mortgage offers for individuals.
Insurance companies are proposing rates for 2021. With the Covid-19 crisis, there's little clarity about the future, making it an unprecedented situation for the industry and consumers.
McDonald's post-coronavirus crisis new normal will see the end of the ubiquitous public soda fountain. Some franchises may keep the "beverage bars," but they're hard to clean so many locations will discontinue them.
John Neal, CEO of Lloyd's of London, details the hit to the insurance industry from the coronavirus crisis. New types of pandemic-insurance are going to be needed in the future, like extra-long policies.
The coronavirus crisis will undoubtedly have a huge effect on health insurance. The question is: how much? Even without COVID-19, however, rates are expected to go up 4-6%.
Goldman Sachs's Marcus, CIT, Citibank, Ally, and many more popular online savings banks have lowered their rates, responding to the Fed's historic rate cut in March.
There has been a massive uptick of people who are out sick, according to data from the Bureau of Labor Statistics. Goldman Sachs points out that it could be from COVID-19.
During the coronavirus crisis, big-name executives have come back to day-to-day operations to lead, consolidating control and rolling up their sleeves. Here's how to explain this phenomenon.
Average hourly employment wages grew 4.9% between March and April, putting the average at $30 an hour. But seeing this as a positive thing would be a huge misunderstanding of the situation, economists warn.
The Bureau of Labor Statistics said that the surveyors may have miscounted certain people not working due to coronavirus as employed, when they should have been unemployed.
Frontier Airlines stepped into controversy this week by announcing an opt-in social distancing policy where travelers could pay to keep the middle seat empty. The company quickly rescinded its policy.
Behavioral researchers explain the factors that will determine how our behavior will be permanently affected by the coronavirurs pandemic.
Buffett explains why Berkshire has $120 billion in "terrible investments," pointing to super-low interest rates. Negative ones in the U.S., he said, could be bad.
At the Berkshire Hathaway annual meeting, legendary investor Warren Buffett explained why even though the U.S. is borrowing record sums, there is zero chance of a government default on its obligations.
Warren Buffett and Berkshire Hathaway rejected a diversity measure included as a shareholder proposal, but supported its aims and gave its proponents a platform.
Nobel prize-winning economist Paul Romer says that massive testing capacity is crucial in opening up society after coronavirus lockdown.
Hyperlocal social network Nextdoor is becoming a popular way for some governments to communicate effectively with their citizens.
There's an interesting correlation in the closure of gambling facilities in the U.S. to the rise of what appears to be more people actively trading very volatile companies. DataTrek research wonders if people who can't gamble are turning to the market.
Coronavirus has caused many people to buy fitness equipment since gyms are closed. This has led to unprecedented demand for Rogue Fitness, which has been working 24/7 — and social distancing at the same time.
Vanguard and Fidelity report investors "staying the course" two months into the coronavirus plunge in the stock market, despite a notable increase in hardship distributions.
A new study from the National Bureau of Economic Research shows how the COVID-19 labor market has changed significantly — and prompted early retirements.
With unemployment spiking wildly from a few hundred thousand to 3.3 million and then 6.6 million in the span of two weeks, many CEOs have responded by taking a pay cut.
The coronavirus pandemic has already had profound changes on the medical system. Some of them will remain going forward — and more still could emerge.