USA Focus

News

CNA reveals $2.5bn LDTI hit on shareholder's equity

Using current rates for discounting would narrow decline, says CFO

The recession will be mild, says The Hartford's CEO

Market in better position to weather downturn than it was in 2008, according to Chris Swift

Globe Life anticipates up to $8.5bn drop in income from LDTI

CFO says no ratings issues from accounting shift as of now

US made up nearly two-thirds of global cat losses in H1

Insured losses of $19bn with above-average storm season due in second half

Insurers making progress in early stages of climate work, says NYDFS

However, work still remains for next level risk analysis

US regulators increase focus on insurers' use of AI and ML technology

Gaps exist in regulatory expertise to monitor growth of tech in insurance

Tea leaves suggest a recession is coming, says Travelers CEO

Current data still positive as insurer readies itself for business-as-usual

FASB issues proposals to smooth LDTI transition accounting

Authority seeks to exclude transactions that have been "derecognised" from new rules

Inflation and higher rates wrecking US P&C results

Swiss Re warns of difficult year for the sector

US insurer sues Amber Heard as it denies coverage for defamation case

New York Marine refuses to pay case costs in Heard-Depp trial

Covid waves caused extreme volatility in US health insurer results in 2021

AM Best expects volatility to persist as pandemic bursts continue to hit the industry

Apollo-Athene has created "a bevy of imitators," fuelling industry risk - CORRECTED

The firm was highlighted in response to NAIC consultation of risks in PE-insurance market

Aflac gets rating upgrade for positive LDTI work

Insurer rating upped to aa, as AM Best praises its risk mitigation capabilities

Post-pandemic world has not emerged as envisaged, says S&P

US P&C insurers face 100% plus combined ratio from 2022 slowdown

Miami could face $100bn insured losses from hurricane hit

CoreLogic's Tom Larsen said insurers are demanding information on precise numbers of homes at risk

Analysis

IAIS 2022: bringing the party back to insurance

June's meeting of international regulators was a sunny affair in an idyllic setting. Even the ever-lurking shadow of the ICS couldn't spoil the party after two years of isolation. Sarfraz Thind reports

Systemic risk warnings put Sifi regulation back in play

Macro risks are piling up for insurers, prompting US regulators and lawmakers to suggest bringing back the "systemically important financial institution" designation. Sarfraz Thind reports

Sarah Williams cultivates new risk strategy at Guardian Life

Sarah Williams found a new job and a new hobby during the pandemic. Now chief risk officer at Guardian Life - and a keen gardener - she is planning to make both flourish, as she explains to Ronan McCaughey

The US climate split

The knives are out on what US insurers need reveal about their climate-related exposures. Sarfraz Thind reports