USA Focus

News

Terrorism insurance's blurred lines

What constitutes a "terrorist" act sparks debate ahead of Biden inauguration

KCC uses weather prediction techniques in US winter storm model

Winter storms cause nearly $3bn of insured losses in the US annually

NAIC's Altmaier reflects on pandemic lessons as industry prepares for 2021

New president names pandemic, race, climate and ICS as predominant concerns

Insurance chiefs urge Congress to confirm Biden and Harris win

CEOs from AIG, MetLife and Guardian Life say the US presidential election has been decided

Insured US population experienced fewer Covid-19 deaths than non-insured, SOA finds

Pandemic accounted for 8% of deaths in US group life insurance this summer

Athene reinsures $1.7bn of GE pension obligations

Grows assets to $191bn, more than $50bn this year

NAIC elects Dean Cameron as 2022 president

Cameron spoke at virtual conference as he has contracted Covid-19

NAIC adopts Group Capital Calculation

GCC adds another layer of oversight to assess US insurance groups

CECL had little impact on US insurers in 2020

Fitch said the accounting standard is largely immaterial for insurer reported equity

NAIC conference hosts five opposing views in pandemic insurance debate

Insurers express little enthusiasm for involvement in the business

Analysis

Lawyer says he has "smoking gun" in US business interruption case

John Houghtaling, who is handling $3bn in claims on behalf of small businesses forced to close by Covid-19, believes his case will be a watershed for the US BI saga. Sarfraz Thind reports

CROs pinpoint climate change as key issue for 2021

InsuranceERM's year-end poll of risk management experts found widespread agreement that climate change would be a key risk and opportunity for the insurance sector in 2021. Paul Walsh reports

Covid-19 mitigation in the US: compliance drops, virus rages

In a follow-up to his article on applying ERM expertise to limit the spread of Covid-19, Dave Ingram reports on adherence to mitigation requirements in November, including for the key Thanksgiving holiday

ICS: the gift that nobody wants

The Insurance Capital Standard continues to be a source of controversy. If the IAIS thought the global capital rule had satisfied at last year's Abu Dhabi meet, they will need to think again. Sarfraz Thind reports