The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus.
____________ CRASH COSTS CRASHING: One of France’s largest auto insurers says costs are crashing as tens of millions of drivers stay home in coronavirus shutdowns.
The MAIF said Friday in a letter to clients that it plans to refund some of the savings from a 100 million euro ($108 million) drop in traffic-accident payouts.
It said the rebate to MAIF clients with vehicle insurance will likely be about 50 euros ($54) each. They will be given the option to donate the refunds to medical personnel, vaccine research or charity.