Archive

  • Californian P&C insurers hit out at workers compensation order

    07 May 2020

    State governor's edict "jeopardises stability" of compensation system, APICA argues

  • Covid-19 reveals the cracks in the US insurance system

    20 April 2020

    US insurers have been getting a beating in their response to the Covid-19 crisis. Their latest move to rebate auto premiums shows the fissures in their approach and the lack of a cohesive regulatory response. Sarfraz Thind reports

  • Retroactive BI liabilities for Covid-19 jump 13% for US insurers

    07 April 2020

    Virus spread spurs APCIA to revise its estimates for potential business interruption damage

  • US Covid-19 business interruption demand could cost "$383bn per month"

    27 March 2020

    Charges may wipe out P&C surplus as more states file for retroactive coverage

  • US insurers in Covid-19 coverage crisis

    24 March 2020

    Insurers are being asked critical questions about their role in protecting consumers from the coronavirus pandemic. Despite calls from on high, the industry says it will not cover business-interruption and workers compensation losses. As the crisis deepens, industry bodies say such demands could threaten the stability of the sector. Sarfraz Thind reports

  • US insurers hit back at claim of phony social inflation crisis

    13 March 2020

    Consumer study suggested insurers using social inflation to falsely justify rate hikes

  • IAIS Abu Dhabi: Why the Treasury and NAIC returned different ICS conclusions

    19 November 2019

    "Team USA" voiced wildly divergent tones in their reaction to the ICS talks in Abu Dhabi last week. But, despite their strong statements, the US negotiators appear to be in accordance over zero implementation of IAIS's capital accord and the potential to move forward with compromise. Sarfraz Thind reports