USA Focus
News
US lawmaker introduces pandemic insurance bill
Bill proposes private-public insurance to combat Covid-19 BI losses
US lawmakers ask Liberty Mutual to stop supporting fossil fuel
Boston-based insurer has not done enough to combat climate change, say legislators
Times Square will go dark to shine light on BI tussle
Denying claims "robs business owners of capital", says campaigner
US P&C sees 21.3% increase in Q1 underwriting income
Covid-19 losses are more likely to show later this year, says AM Best
Reinsurers braced for pandemic-fuelled mortgage losses
AM Best says mortgage delinquency rates are expected to spike because of Covid-19
Rumble in the restaurant: US insurance chief fired after arrest
FCCI's CEO Craig Johnson allegedly battered police officers at a restaurant
MetLife bucks trend with flat Q1 result
Helped by strong investment and underwriting performance
Allstate profits down 57% on investments in Q1
But P&L underwriting income jumps 92% on fewer drivers in pandemic
Paucity of pandemic coverage "not surprising", says US insurance commissioner
Washington survey found just two insurers offering pandemic coverage pre-Covid-19
The Hartford reports halving of Q1 income and Covid-19 claims
Investment decline and Navigators losses contribute to drop
Analysis
Retroactive BI cover needed to save US businesses, says legislator
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On the eve of a potential hearing of the retroactive business interruption bill in the New York State Assembly, the bill's architect Robert Carroll explains his rationale to Sarfraz Thind and why he is hopeful of winning the argument
Covid-19 reveals the cracks in the US insurance system
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US insurers have been getting a beating in their response to the Covid-19 crisis. Their latest move to rebate auto premiums shows the fissures in their approach and the lack of a cohesive regulatory response. Sarfraz Thind reports
Covid-19: the biggest operational risk event of our times
As economies shut down and industries struggle with a new work paradigm, insurers are changing their structures to cope with the manifold challenges of the pandemic. Gustavo Ortega, head of technology, innovation and operations risk management at Voya Financial, talks to Sarfraz Thind about one of the biggest operational risk events in history
US insurers in Covid-19 coverage crisis
Insurers are being asked critical questions about their role in protecting consumers from the coronavirus pandemic. Despite calls from on high, the industry says it will not cover business-interruption and workers compensation losses. As the crisis deepens, industry bodies say such demands could threaten the stability of the sector. Sarfraz Thind reports