USA Focus

News

Investor expresses concern over lack of insurer climate disclosure

Zero visibility on fossil fuel underwriting, says Green Century

Fema defends Risk Rating 2.0 flood model from criticism

But new model does not look to future climate change predictions

Aflac discloses up to $20bn earnings hit from LDTI

No change to ratings from announcement, says S&P

Manulife reinsures $22bn US annuities block

Deal with Venerable Holdings will free up $2bn of capital

NYDFS becomes first US regulator to issue climate guidance for insurers

Insurers expected to ramp up their climate risk oversight functions by next year

NAIC to issue redesigned climate survey as it defends progress

The US is pushing its insurers to match the efforts of European peers

Insurers decry California's proposed wildfire model regulations

Industry argues wildfire insurance rules will stifle innovation and hit participation

Mandatory climate reporting to become the norm, says Kreidler

US climate disclosure survey is argued to be ahead of "more progressive nations"

US cyber market grew 29% in 2020 but remains miniscule overall

The cyber line accounts for just 0.4% of overall P&C premiums, NAIC finds

Lemonade plugs risk management benefits of Metromile takeover

The digital provider says the acquisition will complement its car insurance product

Analysis

Social inflation: 800lbs gorilla or 80lbs monkey?

Casualty insurers are complaining about rising liability losses, driven by a litigious US culture and changing social attitudes. But could a far worse catastrophe be ahead of them? Sarfraz Thind reports

Insurers need innovative solutions to address climate change risks

Willis Towers Watson's Adhiraj Maitra and Matt Scott tell Cintia Cheong how innovation helps insurers understand climate change risks and why regulators are not the only stakeholders pushing for better risk management

Maurice Perkins: Transamerica's transatlantic negotiator

Transamerica's global head of government and policy affairs talks to Sarfraz Thind about US and international insurance regulation, Biden's tax reforms and the cultural differences that keep his job interesting

Talcott Resolution's Chris Abreu: handpicking the way to successful risk management

Paul Walsh talks to chief risk officer Chris Abreu to discuss the US life insurer's separation from The Hartford, the influx of private equity capital and the impact of Covid-19 on risk management