On this week's Big I Buzz, we are discussing the kick-off of our Agency Leadership Webinar Series, what the future of Wisconsin hotels & lodging may look like and an update on COVID-19 in Wisconsin. 

Impact of COVID-19 on the Insurance Industry

Our Agency Leadership Webinar Series kicks off on Thursday, October 1st at 10 a.m. Our featured speaker, Dr. Steven Weisbart will discuss the impact of COVID-19 on the insurance industry. Dr. Steven N. Weisbart oversees the Insurance Information Institute's program of economic research and analysis, preparing studies in support of the organization's communications mission, speaking to media and conducting briefings for member companies, industry organizations and public policymakers. Since joining the I.I.I. in 2005, Dr. Weisbart has authored several significant research papers and articles on a variety of insurance issues, including the threat of an avian flu pandemic and the effect of US population on the property/casualty insurance industry. Register for this webinar here. 

Wisconsin Could Lose Nearly Half of Hotels & Lodging Establishments without Financial Assistance

According to The Wheeler Report, "The Wisconsin Hotel & Lodging Association recently shared numbers from an internal survey showing that 47% of lodging facilities could close within 12 months without loan or grant assistance. The survey also shows that more than 50% of the state's lodging property staff remained furloughed or laid off." National studies from the American Hotel & Lodging Association has reported that 68% of hoteliers are reporting that they will only be able to last six more months at current projected revenue and occupancy levels absent any further relief. Learn more here. 

Wisconsin Hits 2,817 Infections, Record for New Coronavirus Cases Reported

On Saturday, September 26th, Wisconsin hit a record for the number of COVID cases in a day. Health officials reported 2,817 people tested positive for the virus. 

According to Insurance Journal, "Over the course of the pandemic, 113,645 people have tested positive for the coronavirus in Wisconsin. About 83% of those people have recovered, while over 18,000 have active infections and 1,281 have died. Read more from Insurance Journal here. 

 For more news, check out the Action News section of our weekly e-newsletter Big I Buzz.  If you aren't subscribed, click  here  to add your email to our emailing list. We hope that everyone has a great rest of their week!