USA Focus

News

MetLife commits $25m to Covid-19 hit communities

Travelers also donates $5m in pandemic battle

Covid-19 crisis shows "beauty" of state-based regulations, says Consedine

NAIC chief executive hails state response to pandemic

US Covid-19 business interruption demand could cost "$383bn per month"

Charges may wipe out P&C surplus as more states file for retroactive coverage

NAIC says Congress business interruption plans threaten US insurer solvency

Current policies not designed to provide coverage against Covid-19 claims

Fitch cuts US life insurance outlook to negative

Coronavirus impact a concern for long-term credit quality, says agency

Climate change top risk for US insurers

Pandemic ranked only seventh, according to AM Best

US insurers hit back at claim of phony social inflation crisis

Consumer study suggested insurers using social inflation to falsely justify rate hikes

NAIC launches coronavirus resource webpage

Features updates on the spread of Covid-19 and links to help decision-making

Athene eyes more business in UK pension risk transfer

US life insurer grows profits in 2019 thanks to investment income

IASB's Hoogervorst defends IFRS 17 as global standard, despite US exclusion

Chair of accounting standards board says life insurer troubles could have been avoided

Analysis

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

Modelling the virus

The spread of Covid-19 has not come as a surprise to everyone. Analytics firms are looking at the thousands of situations to model pandemics every day. However, it seems insurers are not quite up to scratch. Sarfraz Thind reports

Flood, climate, capital: NAIC president Ray Farmer's agenda for 2020

Ray Farmer is the new president of the National Association of Insurance Commissioners. In this Q&A with Sarfraz Thind, he talks about flood coverage, international regulation and how he intends to raise climate awareness

Cannabis insurance: ending the bad trip

Conflicting state and federal laws, uncertain pricing and novel risks have discouraged most insurers from participating in the cannabis market so far. But as the US edges nearer to federal legalisation, this could change. Sarfraz Thind reports