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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
NAIC launches coronavirus resource webpage
Features updates on the spread of Covid-19 and links to help decision-making
South Carolinian Raymond Farmer confirmed as NAIC president for 2020
Replaces Eric Cioppa as David Altmaier appointed president elect
US eliminates reinsurer collateral for Bermuda, Japan and Switzerland
Three countries given "reciprocal jurisdiction" status
IAIS Abu Dhabi: Why the Treasury and NAIC returned different ICS conclusions
"Team USA" voiced wildly divergent tones in their reaction to the ICS talks in Abu Dhabi last week. But, despite their strong statements, the US negotiators appear to be in accordance over zero implementation of IAIS's capital accord and the potential to move forward with compromise. Sarfraz Thind reports
IAIS Abu Dhabi: compromise on global capital standard keeps process on track
Paul Walsh summarises the reaction to today’s agreements that keep the Insurance Capital Standard on track, but not without objections from Canada and questions about US comparability
Team USA under pressure from Senate to reject bad ICS deal
Vote on ICS 2.0 is due in November
Long-term care insurance warning for US market
A recent report on GE Capital's long-term care insurance (LTCI) exposure has triggered market concerns, with Fitch Ratings arguing LTCI products are among the riskiest marketed by US life insurers. Sarfraz Thind explains
Long-term care insurance warning for US market
Report on GE Capital’s long-term care insurance exposure triggers market concerns
US regulators must focus on cyber, technology
Linda Lacewell highlights need for more women in insurance at NAIC's New York event