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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