The global pandemic is on track to be the costliest event in insurance history. It’s also a defining moment for the industry. Special Risk Section sponsored by Lexington.
The rising severity and intensity of natural catastrophes, amplified by climate change, in California, Florida and Texas have brought about some insurance, regulatory and building code changes in those states. Special Risk Section sponsored by Lexington.
After spring storms cause damage, the COVID-19 crisis brings new challenges and approaches for claims professionals. Special Risk Section sponsored by Lexington.
Georgia insurance commissioner who assisted with COVID-19 facilities with National Guard likens virus fight to World War II. Special Risk Section sponsored by Lexington.
Lawmakers must develop a public-private partnership to address insured losses from pandemics.
Stay-at-home orders and social distancing measures took a toll on many small businesses, including Main Street agents and brokers. The Paycheck Protection Program may be something of a lifeline for them.
With the London Interbank Offered Rate phasing out next year, insurers should welcome the flexibility alternative rates can bring to their financial decisions.
The coronavirus pandemic will rank as one of the biggest catastrophes ever for the insurance industry. Hurricanes, floods and wildfires, however, remain threats that will demand attention.
Insurance coverage during the Spanish flu pandemic of 1918-1920 was much different than it is today.
The COVID-19 pandemic highlights the importance of continuity, community and cyber resiliency.
Insurance industry CEOs step into the spotlight in TV and social media ads to deliver messages about their commitment to customers and the resilience of their organizations in the midst of the pandemic.
The journey to digital evolution moves insurers from transformation to innovation to reach customers.
COVID-19 is shining a spotlight on the need for predictive infectious disease modeling to help insurers project the onset and spread of costly outbreaks.
Also: Arkansas has new commissioner; Farmers New World Life names president and former NAPSLO president dies From COVID-19 complications.
In disputed cases, the regulator will rule on the meaning and effect of some policy wording.
The plan must be confirmed by a judge to go into effect—however a hearing date has not yet been set.
Starr’s Greenberg lobbies Congress to shield insurers from uncovered business interruption claims.
AM Best continues to monitor the impact of COVID-19 on various segments of the industry, including the insurance-linked securties market. It also comments on the existential threat posed by pending business interruption legislation.
All companies listed are life/health or property/casualty insurers in the United States and Canada that underwent changes in January 2020.
Industry experts discuss the coronavirus pandemic and related shutdowns that have opened up uncharted territory for the insurance industry; AM Best analysts review the impact of COVID-19 on earnings and balance sheets.
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