Around the P&C insurance industry: May 27, 2020

News from Travelers, Lloyd’s, RIMS and more. (Photo: Shutterstock)

Travelers released a suite of risk management resources to help businesses safely reopen amid the COVID-19 pandemic, located online on their webpage, Navigating Your Business Through COVID-19. Travelers says its service offerings will include a series of webinars, articles, podcasts and interactive tools designed to provide guidance on protecting employees, customers and property as businesses resume operations. Also among the offerings is a newly published white paper by Travelers, written by its chief medical director, that provides considerations for managers regarding the physical and emotional health needs of employees as they return to the workplace.

Lloyd’s announced that it will pay between $3–4.3 billion to its global customers due to the impacts of COVID-19. The company says it will continue to pay out a wide range of policies to assist both businesses and people affected by the pandemic. Outside of those payments, Lloyd’s also announced it will contribute nearly $20 million to charities in an effort to help address the hardships caused by the pandemic.