USA Focus
News
NAIC accused of inertia on climate change
Insurance regulators criticised for no change to climate survey in latest meeting
The Hartford knocks back Chubb takeover bid
Chubb proposal is "not in the best interests of shareholders"
Chubb bids for The Hartford
Bid values company at $23bn
US flood insurance has been "an abject failure"
Insurance state commissioners debate need for nationwide climate change policies
Civil unrest risk transfer market hampered by lack of credible modelling
US insurers showing increased interest since pandemic, but few options as of now, says Verisk
Optimism for large insurers' ability to meet LDTI deadline
US accounting standard less onerous than IFRS 17, says SOA fellow as questions on adoption grow
US winter storms will lead to 750,000 claims and $18bn insured loss
Cat modelling chief Karen Clark says similar events could reasonably occur in future
New Orleans restaurant loses landmark US BI case
Judge rules against lawyer John Houghtaling in huge insurer win
Bermuda's hedge fund reinsurers move away from failing formula
High investment return strategy has not worked, says Fitch
Flu mortality "zero" this winter, says Reinsurance Group of America CRO
Insurer reports incredible flu data and issues positive guidance on Covid-19 for 2021
Analysis
Climate change could radically reshape US insurance losses
Re/insurers in the US could face a 20% increase in hurricane-related property losses because of climate change. But that's just the average. In certain regions, the losses might be several times higher by 2050, as AIR Worldwide's Peter Sousounis explains to Christopher Cundy
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