USA Focus

News

NAIC launches scathing attack on FIO's climate data call

Letter to Treasury lays bare conflicts in state and Federal climate insurance regulation

IAIS publishes liquidity metrics for insurer monitoring exercise

Liquidity risk has been a growing concern for insurers as they face market crises

RMS estimates sub-$2bn insured loss from hurricane Nicole

Cat modeller's best estimate for private market losses is $1.6bn

NFIP suffered biggest ever flood loss from hurricane Ian

Private flood insurance market rose 42% in 2021, AM Best finds

Ricardo Lara re-elected California insurance head

Other states see existing insurance commissioners hold onto posts

Zurich cutting back on natcat risk as climate change bites

Insurer hit with $550m loss from Hurricane Ian

Aegon drops plan to reinsure US variable annuity portfolio

Dutch group also completes internal reinsurance transaction for Transamerica Life Bermuda

Global insurers call for societal shift in climate battle at COP27

Insurers can function as lookouts, alerting others to increasing risk, says GFIA

NAIC warns of surging protection gap in US earthquake zone

Cost of NSMZ earthquake insurance has risen by 352% since 2000

US P&C underwriting results expected to be worst since 2011

Geopolitical risk highest in decades, says III

Farmers becomes first US insurer to sign UN PSI

UN hopes move will convince more US insurers to sign

Analysis

Covid and Great Resignation 'popped the lid' on people risk

US insurance experts at the Insurance Risk & Capital Americas conference explained how Covid-19 has led insurers to up their game as people risk challenges begin to bite. Paul Walsh reports

War fuels clamour for political risk insurance

It seemed inconceivable that Europe would be in the midst of a major war in 2022. But the events in Ukraine have pushed political risk to the fore, leaving many to ponder how to insure the unthinkable. Sarfraz Thind reports

Six ways insurers can make DE&I real and relevant

US insurance experts at the Insurance Risk & Capital Americas conference explained how they are fostering diversity, equity and inclusion (DE&I) within the industry, and ways to build momentum. Ronan McCaughey writes

US Senators grill regulators over private equity ownership and climate

This month's US Senate Banking Committee hearing on insurance shone a light on where politicians have the biggest concerns about the sector. Sarfraz Thind reports