USA Focus

News

US lawmaker introduces pandemic insurance bill

Bill proposes private-public insurance to combat Covid-19 BI losses

US lawmakers ask Liberty Mutual to stop supporting fossil fuel

Boston-based insurer has not done enough to combat climate change, say legislators

Times Square will go dark to shine light on BI tussle

Denying claims "robs business owners of capital", says campaigner

US P&C sees 21.3% increase in Q1 underwriting income

Covid-19 losses are more likely to show later this year, says AM Best

Reinsurers braced for pandemic-fuelled mortgage losses

AM Best says mortgage delinquency rates are expected to spike because of Covid-19

Rumble in the restaurant: US insurance chief fired after arrest

FCCI's CEO Craig Johnson allegedly battered police officers at a restaurant

MetLife bucks trend with flat Q1 result

Helped by strong investment and underwriting performance

Allstate profits down 57% on investments in Q1

But P&L underwriting income jumps 92% on fewer drivers in pandemic

Paucity of pandemic coverage "not surprising", says US insurance commissioner

Washington survey found just two insurers offering pandemic coverage pre-Covid-19

The Hartford reports halving of Q1 income and Covid-19 claims

Investment decline and Navigators losses contribute to drop

Analysis

Retroactive BI cover needed to save US businesses, says legislator

On the eve of a potential hearing of the retroactive business interruption bill in the New York State Assembly, the bill's architect Robert Carroll explains his rationale to Sarfraz Thind and why he is hopeful of winning the argument

Covid-19 reveals the cracks in the US insurance system

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

Covid-19: the biggest operational risk event of our times

As economies shut down and industries struggle with a new work paradigm, insurers are changing their structures to cope with the manifold challenges of the pandemic. Gustavo Ortega, head of technology, innovation and operations risk management at Voya Financial, talks to Sarfraz Thind about one of the biggest operational risk events in history

US insurers in Covid-19 coverage crisis

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