USA Focus
News
NAIC poised to introduce group capital calculation for US insurers
New requirements likely by December after call for feedback on regulatory amendment
Axis takes $240m cat losses hit in Q3
"Exceptional levels" of cat losses this quarter as market is roiled by climate events
Zeta weakens after striking Louisiana
At least two people have reportedly died in the storm
US insurers braced for more hurt in Q3 following "near-record" cat losses
Net income dropped by 26% for P&C insurers in H1, APCIA finds
US bipartisan bill aims to reform NFIP
Bill argues for National Flood Insurance Program to be put on "stronger financial footing"
RMS forecasts up to $3.5bn of onshore losses from Delta in US
The prediction represents a marginal increase on previous estimates
KCC puts Delta insured losses at over $1bn
Wind and storm surge losses in the US are estimated at $950m
US insurers call on China to tear down discriminatory trade barriers
APCIA demands strong enforcement so US insurers can carry business into offshore markets
Delta weakens after striking Louisiana
Delta made landfall as a category 2 hurricane on Friday evening
SAS launches LDTI tool for US insurers
The accounting change will be a major compliance shift for the US insurance industry
Analysis
Prudential Financial's Nick Silitch: running his own version of risk
The chief risk officer of the largest US life insurer talks to Sarfraz Thind about how he shaped his role and the risk function, and reveals the impact of the pandemic on the group
Cracks in the normal distribution challenge CROs
Covid-19 is changing the way chief risk officers think and work. Eric Clapprood and David Sherwood talk to Sarfraz Thind about why CROs may need to focus on less extreme risks, and how they can adapt to the new normal
Linda Lacewell: New York's no-nonsense reformer
Change... it's overdue. The head of the NYDFS, Linda Lacewell, believes there is a transformative energy in the air and it must not be wasted. She speaks to Sarfraz Thind
Equality in insurance: what actions beyond the words?
The US insurance sector was quick to state its support for black lives after George Floyd's death resonated across communities worldwide. It has a questionable history of action on racial inequality, but are things about to change? Sarfraz Thind reports