With civil unrest on the rise globally, insurers are rethinking how they underwrite risks of riots and civil commotion and looking closely at aggregation risk. Record losses this year in the U.S. and last year in Chile illustrate the growing severity of events.
Presumption rules for essential workers and front-line employees with COVID-19 in some states shift the burden of proof to employers, but are they also driving up workers’ compensation claims and costs?
Mergers and acquisitions pick back up in a life insurance space that saw the beginning of 2020 marked by the uncertainty of the COVID-19 economic shock.
While similar in impact, COVID-19 and 9/11 differ significantly in terms of losses and reserve deficiency.
Property/casualty reserving is one of the top considerations for boards and audit committees, but often technical complexity prevents enough depth of understanding and inhibits effective oversight. Senior and seasoned reserving professionals offer a “how-to guide” for directors.
Health insurtechs posted varied outcomes in the first half amid rising premiums and fundraising.
Pet insurance observers say able ‘parents’ drive five-year, annual 22.1% growth rate.
Riots that erupted across the country after the death of George Floyd raise new questions and concerns for underwriters. Best’s Review also looks at workers’ comp presumption rules and coverage for COVID claims.
AM Best: Storms, floods, fires drive up losses for U.S. crop insurers.
In their new paperback edition of Mastering Catastrophic Risk; How Companies Are Coping With Disruption, the authors suggest several courses of action for decision-makers as they face the current pandemic.
Bermuda Monetary Authority names director, Marsh executive named president of Guy Carpenter, and Lockton names chief financial officer and chief people officer.
Ranked by 2019 direct premiums written.
The Aflac Duck teams up with a legendary football coach to help Americans facing out-of-pocket medical bills, and Progressive rides into a new national motorcycle racing championship sponsorship.
Defending technology systems against cyberattacks requires comprehensive risk management and insurance coverage.
The structured settlement industry is ripe for digital disruption.
Reorganization and the impending loss of financial services passporting rules has meant that a large amount of business written in Europe is no longer overseen and managed in London.
The World Economic Forum’s survey and Lloyd’s report focus on global systemic risk concerns.
A hardening market is driving an increased interest in captives, reinsurance deals are becoming harder to complete, and enrollment growth is driving U.S. Medicare Advantage earnings. AMBestTV and AMBestAudio report on stories from a number of sectors within the insurance industry.
AM Best also comments on the UK High Court’s ruling in the Financial Conduct Authority’s test case on business interruption insurance.
Time, Empire and Spinnaker insurance companies are among the life/health and property/casualty insurers in the United States that have had a merger, a change in name or another corporate change.
Experts examine social inflation and the types of claims affected, the impact of COVID-19 on the U.S. P/C market, AM Best’s COVID-19 stress test and technical advances of U.S. peril models.
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