Insurance supervisors "ready to support" pandemic risk pools

International Association of Insurance Supervisors comments on Covid-19 crisis


RSA details £25m net cost of 25,000 Covid-19 claims in March-April

Insurer warns of legal challenges and rising bad debts among customers


Californian P&C insurers hit out at workers compensation order

State governor's edict "jeopardises stability" of compensation system, APICA argues


Everest Re confirms earmarking $150m for Covid-19 losses

Q1 net income falls 95% to $17m


Sport versus insurers: let the game commence

Covid-19 has ravaged the sporting world. A blanket halt in global events threatens to cost organisers billions and insurers are being asked to pay. Both sides have strong arguments — and even stronger legal teams, as Paul Walsh and Sarfraz Thind report


US business interruption legislation could wipe out half of insurers' capital

Lawmakers in seven US states have filed bills requiring retroactive BI coverage


Axa predicts around €500m Covid-19 claims from event cancellations

Full-year earnings to feel "material impact" from pandemic


Hiscox to raise £400m for opportunities after Covid-19

Rates are improving in the US wholesale and reinsurance markets


Prudential Financial reports Q1 loss of $271m

Includes $698m pre-tax investment losses


France progresses plan for pandemic insurance pool

Funding options are being explored and it could follow the model of France's public reinsurer CCR