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