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Legal experts lock horns over pandemic BI payouts

Tensions ran high during InsuranceERM's virtual panel discussion on the legal risk implications of the Covid-19 pandemic, as experts discussed the next steps in arguably the biggest legal crisis the insurance industry has ever seen. Paul Walsh reports.

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Covid-19 sparks life into digitalisation

Covid-19 has prompted life insurers to upgrade their underwriting technology to use data in previously unimagined ways. A policyholder's driving history, pharmacy records, and the tone of your voice can now all be analysed as evidence. Sarfraz Thind examines the latest trends.

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Business interruption: a blockbuster legal battle

Litigation over business interruption coverage for Covid-19 is massing across the globe. The lawyer leading the charge in the US believes this could be the most expensive legal battle in history. How strong is his case and should insurers be worried? Sarfraz Thind reports

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Penn Mutual's Dave Raszeja: making the most of the pandemic

The US life insurer's CFO talks to Sarfraz Thind about the present and future impact of Covid-19, the company's approach to risk management and his transition from the CRO role

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Retroactive BI cover needed to save US businesses, says legislator

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

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Covid-19 reveals the cracks in the US insurance system

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

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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

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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

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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

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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