USA Focus

News

NAIC still failing to address racial bias in underwriting

Use of AI and other data penalises minorities, says CEJ's Birny Birnbaum

Manulife boosts earnings from underwriting profits in Q2

Favourable underwriting experience and seed investment profits help drive growth

MetLife Q2 earnings hit by lower sales and PE losses

Underwriting premiums and fees down 13% from 2019

Prudential Financial posts $2.4bn loss in Q2, as investment losses mount

Company reprices interest rate expectations, moves to less rate-sensitive products

Hurricane Isaias makes landfall in North Carolina

The storm was upgraded to a hurricane earlier this week

Insurers' use of credit scoring penalises people of colour

Washington commissioner calls out credit scoring practice as form of institutional racism

UK's BI judgement could be favourable for Axis, says CEO

FCA test case keenly watched by US insurers, outcome expected in September

Genworth appoints Brian Haendiges as CRO

He takes over from retiring interim CRO Kelly Groh

PartnerRe appoints chief exec, reports $338m Covid-19 losses

Jacques Bonneau hired to replace Emmanuel Clarke

Insurers still catching up on technology as world goes virtual

Pandemic has upended the traditional insurance business, says ex-NY insurance regulator

Analysis

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

Covid-19 BI litigation "will stop America's recovery before it starts"

The APCIA has been at the forefront of fighting fires in the current crisis. Senior vice president Robert Gordon talks to Sarfraz Thind about the business interruption saga and why litigation is simply wrong

Legal experts lock horns over pandemic BI payouts

Tensions ran high during InsuranceERM's virtual panel discussion on the legal risk implications of the Covid-19 pandemic, as experts discussed the next steps in arguably the biggest legal crisis the insurance industry has ever seen. Paul Walsh reports.

Covid-19 sparks life into digitalisation

Covid-19 has prompted life insurers to upgrade their underwriting technology to use data in previously unimagined ways. A policyholder's driving history, pharmacy records, and the tone of your voice can now all be analysed as evidence. Sarfraz Thind examines the latest trends.