Content from Susanne Sclafane
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims
How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance professionals suggested recently, adding more ...
The BIG Compromise for Biz Interruption Coverage Suits Explained
Good faith coverage disputes over pandemic-related business interruption coverage don't have to be fought out in courts, and retroactive rewrites of business interruption coverage language are ...
Proposed Pandemic Re Corp. Would Treat Small, Large Biz Interruptions Differently
Another proposed public-private partnership reinsurance program is being talked about to cover pandemic-related business interruptions, the leader of a reinsurance association said on June 2. The ...
COVID-19 Court Delays May Turn the Social Inflation Tide
Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month, suggesting that the call dynamics could be signaling a ...
MGU SageSure: Only ‘Hands-Off’ Carriers Seeking Coastal Biz Welcomed
SageSure, a managing general underwriter that uses technology to profitably write residential coastal properties for a handful of carriers, might entertain more carrier partnerships—but only with ...
Diverging Views: Is COVID a One-Off Cat or Not?
While reinsurers are "open for business" and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing ...
Federal PRIA Bill Officially Introduced for Biz Interruption, Event Cancellation
During a press conference on Tuesday, New York Congresswoman Carolyn Maloney officially announced the introduction of the much-anticipated Pandemic Risk Insurance Act of 2020, a federal backstop for ...
QBE NA’s CEO Sees No Pacmans Gobbling Brokers Among InsurTechs
As a veteran of the insurance brokerage side of the business, QBE NA's chief executive has heard the predictions that online distribution would replace traditional brokers, but he doesn't see any ...