Reinsurance
Trump Jumps Into Business Interruption Coronavirus Claims Fight, Urging Carriers to Pay Up
President Donald Trump on Friday staked out his position in a legal battle over business-interruption claims: Unless the policy excludes pandemics, insurers should pay. Trump spoke about the issue ...
P/C Insurance Industry Is Least Affected by Coronavirus Pandemic: Standard & Poor’s
P/C insurance is the least-impacted industry by the coronavirus pandemic, at least so far, according to an analysis from S&P Global Market Intelligence. S&P compiled its analysis for March, ...
Weather Risks Could Become Uninsurable Without Acting on Climate Change: Swiss Re
Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which ...
UK Insurers Cancel More Than $1.2B in Dividends Over Coronavirus Worries
British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs ...
Coronavirus Fallout Leads to A.M. Best Outlook Downgrade for U.S. Commercial Insurers
U.S. commercial lines insurers must now carry an outlook downgrade from A.M. Best due to fallout from the coronavirus pandemic. The decision by A.M. Best to revise its outlook for the segment to ...
Allianz Warns Facilities Shut Down During Pandemic Pose New Risks
Many companies are having to shut down their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), ...
With Ship Crews Stuck in Lockdown, Global Supply Chains Are Strained
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like ...
Grounded Airplanes Carry Insured Value of More Than $160B: Report
Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday. Singapore has the largest number of planes ...