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