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.


IAIS reports 48 insurers as "internationally active" groups

IAIGs will be supervised according to ComFrame rules


Hollywood asks US government for pandemic insurance programme

Filmmakers warn they are unable to access new pandemic insurance


California orders additional Covid-19 premium relief

Decision comes as pandemic shows no signs of slowing


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.


US baseball teams sue insurers for Covid-19 BI

Claims brought against Tokio Marine, Nationwide and W.R. Berkley-owned companies for "breach of contract"


Arch Capital to issue $1bn debt

The raising follows on the heels of major fundraising by rivals


IFC taps six insurers for $2bn credit insurance facility

It will allow the IFC to expand lending to emerging market financial institutions


PG&E gets approval for $11bn California wildfire insurer settlement

The utility firm responsible for 2018 wildfire will pay off insurers as part of bankruptcy process


Allstate reports $1bn in cat losses for May and April

Figure nearly half of full year 2019 losses, caused by weather in Texas and Midwest