Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - August 5, 2020

August 05, 2020
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News. Insights. Analysis. Inspiration.

Today's Key Question:

Did you know that if an insurance company pays more life insurance benefits, it could save money in long term care insurance claims?

See the article below from Think Advisor.

  

"One-Two Punch: Businesses Must Fight the Virus and Possible Liability Claims"

From National Law Review:

* After several weeks in lockdown and thousands of business closures in an attempt to control the spread of the novel coronavirus, businesses are finally reopening their doors. Given the high transmission of COVID-19, businesses should consider their risks of legal liability to visitors on their property – customers, employees and others – in the event of COVID-19 exposure at their premises.  But the fear of civil liability remains a hindering problem. These claims will most commonly be pursued under the legal theory of negligence and plaintiffs may seeking financial compensation for their injuries and medical treatment related to COVID-19. Plaintiff’s lawyers in these cases will focus on the operations and procedures in place during the reopening. Some businesses are taking extraordinary measures to protect customers, while others are doing the bare minimum. Businesses need to know how to be in compliance with best safety practices to prevent and defend against claims related to an alleged failure to protect customers from COVID-19 exposures.

 

"How The World’s Next Generation Of Ultra-Wealthy Are Redefining What It Means To Give Back"

From Wealth Advisor:

* While ultra-high net worth individuals of generations past generally only considered philanthropy beyond capital donations as retirement approached, the new generation is far more engaged and involved in philanthropic endeavors at far earlier ages than their predecessors. They're also motivated by the value propositions behind sustainable and impact investment strategies, often driving such initiatives with their own or family businesses.

 

"Keeping our republic amid COVID-19"

From Townhall:

* That’s why I’m introducing my bill, the Defending Freedom Act, to empower the Justice Department to investigate and end these unconstitutional orders. Civil rights should not be superseded by a national emergency.

My bill would instruct the Justice Department to investigate and prosecute cases in which civil rights have been wrongly curtailed by broad public health orders or overzealous bureaucrats. It also requires the department to compile a report to Congress on these cases and determine the legality of business closures and stay-at-home orders.

  

"Genworth Paid $10 Million in Q2 COVID-19 Life Insurance Claims"

From Think Advisor:

* When an LTCI claimant dies, the death reduces the LTCI issuer’s obligation to pay LTCI benefits on behalf of the claimant.

 

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here