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
Expert insights from the InsuranceERM Americas 2020 conference
Gerald Gakundi brings regulatory and industry experience to role
President Ray Farmer calls 2020 a moment of historical inflexion, commits NAIC to change
Will look at race bias and ways of increasing diversity in industry
Seven US states have bills that would force insurers to cover business interruption claims
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
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
Three countries given "reciprocal jurisdiction" status
"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