Editor's Note: Here are the latest key updates you may have missed relating to the novel coronavirus (COVID-19) as of June 1, 2020. 
(Source: Statista)[/caption] Rep. Carolyn B. Maloney (D-N.Y.) introduced the Pandemic Risk Insurance Act of 2020 that would create the Pandemic Risk Reinsurance Program, a system of shared public and private compensation for business interruption losses resulting from future pandemics or public health emergencies. Moderna began Phase 2 of its experimental COVID-19 vaccine; however, experts are not convinced that the economy will recover if and when a vaccine is discovered. In a survey of more than 100 investors, 43% said there's a probability that Moderna's vaccine would be sufficient to set the U.S. economy aright. N.Y. Gov. Andrew Cuomo said New York City could begin reopening on June 8. The region is the last in the state to remain under lockdown. Florida reported 54,497 COVID-19 cases on Friday (May 29) up 2.3% from a day earlier — the third-largest daily increase since the state started reopening on May 4. An analysis from researchers at the University of Arizona and elsewhere, based on computer simulations of how the virus evolves, indicates that the U.S. outbreak did not start in the Seattle area as originally believed. Instead, the researchers believe the Seattle outbreak likely started weeks after the first U.S. COVID-19 patient. Several U.S. insurers, including USAA and Allstate, are extending shelter-in-place policy refund initiatives through June. A Philadelphia beer garden filed a class-action lawsuit against Lloyd's of London in the U.S. District Court for the Eastern District of Pennsylvania, arguing policyholders are entitled to coverage for disruptions that occurred as a result of government shutdowns. The FDA said that 27 antibody tests will no longer be distributed in the U.S. due to either "significant problems" with the tests or the manufacturers not securing authorization. The U.S. Supreme Court ruled against churches in California and Illinois seeking to resume worship services during the pandemic. In the 5-4 decision, the court asserted that churches are not exempt from crowd limits imposed by the state governments. 
(Source: Statista)[/caption] Related: Coronavirus update: Insurers report losses, countries reinstate lockdowns and more
In the U.S.
According to Johns Hopkins University (as of June 1, 2020):
- Total U.S. cases: 1.79 million
- Total U.S. deaths: 104,399
(Source: Statista)[/caption] Rep. Carolyn B. Maloney (D-N.Y.) introduced the Pandemic Risk Insurance Act of 2020 that would create the Pandemic Risk Reinsurance Program, a system of shared public and private compensation for business interruption losses resulting from future pandemics or public health emergencies. Moderna began Phase 2 of its experimental COVID-19 vaccine; however, experts are not convinced that the economy will recover if and when a vaccine is discovered. In a survey of more than 100 investors, 43% said there's a probability that Moderna's vaccine would be sufficient to set the U.S. economy aright. N.Y. Gov. Andrew Cuomo said New York City could begin reopening on June 8. The region is the last in the state to remain under lockdown. Florida reported 54,497 COVID-19 cases on Friday (May 29) up 2.3% from a day earlier — the third-largest daily increase since the state started reopening on May 4. An analysis from researchers at the University of Arizona and elsewhere, based on computer simulations of how the virus evolves, indicates that the U.S. outbreak did not start in the Seattle area as originally believed. Instead, the researchers believe the Seattle outbreak likely started weeks after the first U.S. COVID-19 patient. Several U.S. insurers, including USAA and Allstate, are extending shelter-in-place policy refund initiatives through June. A Philadelphia beer garden filed a class-action lawsuit against Lloyd's of London in the U.S. District Court for the Eastern District of Pennsylvania, arguing policyholders are entitled to coverage for disruptions that occurred as a result of government shutdowns. The FDA said that 27 antibody tests will no longer be distributed in the U.S. due to either "significant problems" with the tests or the manufacturers not securing authorization. The U.S. Supreme Court ruled against churches in California and Illinois seeking to resume worship services during the pandemic. In the 5-4 decision, the court asserted that churches are not exempt from crowd limits imposed by the state governments. Around the world
According to Johns Hopkins University (as of June 1, 2020):
- Total cases globally: 6.2 million
- Total deaths globally: 372,657
- Cases by region: Americas (2.8M), Europe (2.12M), Eastern Mediterranean (520,137), South-East Asia (272,512), Western Pacific (183,198), and Africa (104,242).
(Source: Statista)[/caption] Related: Coronavirus update: Insurers report losses, countries reinstate lockdowns and more Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
