A group of Kansas and Missouri hair salon and restaurant owners can proceed with a lawsuit trying to make their insurance company pay for the income they missed out on during COVID-19 government shutdown orders, a judge ruled Wednesday.



a person riding a motorcycle on a city street: A new court decision looks at what insurance coverage carriers need to give to businesses closing due to shutdown orders.


© Cindy Ord/Getty Images
A new court decision looks at what insurance coverage carriers need to give to businesses closing due to shutdown orders.

The businesses adequately alleged — for now at least — that they ought to be covered by their “all-risk” insurance policies, Western District of Missouri Judge Stephen Bough ruled after combing through insurance policy wording.

Loading...

Load Error

The ruling could have broad implications as more businesses sue their insurance carriers for denying similar claims, observers say.

Business interruption insurance replaces lost income when a business has to temporarily close its doors. The policies kick in when there’s “direct physical loss or damage.” That typically applies to events

Read More

President Trump said he would accept Democrats’ request for $25 billion for the postal service, including billions to bolster mail-in voting, if they were willing to bow on some of his concessions.

Fox News’ John Roberts on Friday asked Trump if he would be willing to offer the $25 billion for the ailing USPS, including $3.5 billion in election resources, should Democrats be willing to cave on some of the demands Trump has voiced.

“Sure, if they give us what we want,” the president said during a press conference. “And it’s not what I want, it’s what the American people want.”

Trump, who has railed against mail-in voting for months, said Thursday he would not be releasing any money for the cash-starved agency as part of a coronavirus relief deal with Congress.

TRUMP SAYS DEMOCRATS’ MAIL-IN BALLOT PUSH HOLDING UP CORONAVIRUS FUNDING 

“It’s their fault,” Trump told FOX Business’ “Mornings

Read More

MOSCOW (Reuters) – Russian state-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300 million roubles ($4 million) as the novel coronavirus outbreak hit demand for precious stones.

The global diamond supply chain has been convulsed by the pandemic, prompting Alrosa and its peers to carry on with critically low sales for months. Alrosa’s second-quarter sales in carats shrunk by 92%.

The world’s largest producer of rough diamonds said its free cash flow turned negative in the second-quarter, leaving its shareholders without a dividend payment for the first half of 2020.

It created a $1.7 billion liquidity cushion by the end of June, providing it with a basis for operations and meeting debt liabilities, Alrosa said in a statement.

Alrosa’s July diamond sales dropped 79%, it said earlier this week, but the state help may be on its way as

Read More

The Department of Homeland Security’s cyber agency warned Wednesday that a ‘malicious cyber actor’ is targeting a Small Business Administration (SBA) webpage used to funnel loans to businesses during the COVID-19 pandemic.



a screenshot of a computer: Federal agency warns 'malicious cyber actor' targeting coronavirus small business loan program


© iStock
Federal agency warns ‘malicious cyber actor’ targeting coronavirus small business loan program

“The Cybersecurity and Infrastructure Security Agency (CISA) is currently tracking an unknown malicious cyber actor who is spoofing the Small Business Administration (SBA) COVID-19 loan relief webpage via phishing emails,” CISA wrote in an alert published Wednesday. “These emails include a malicious link to the spoofed SBA website that the cyber actor is using for malicious re-directs and credential stealing.”

CISA noted that the emails are being sent to “various Federal Civilian Executive Branch and state, local, tribal, and territorial government recipients” under the subject line of “SBA Application–Review and Proceed,” with the sender using an SBA email address.

The malicious email directs

Read More

TOPLINE

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said Thursday that temperature checks are unreliable for detecting coronavirus symptoms in people entering businesses and other establishments as infrared thermometers have been embraced as part of safety protocol for reopenings.

KEY FACTS

Fauci made the comments during a Facebook Live broadcast with Walter Reed Medical Center, and was referencing the popular infrared thermometers that take a person’s body temperature by aiming the device at their forehead.

“We have found at the [National Institutes of Health] that it is much, much better to just question people when they come in and save the time, because the temperatures are notoriously inaccurate many times,” Fauci said.

Hot summer weather also causes inaccurate readings, Fauci

Read More