Advisors to property and casualty insurers are seeing signs of the P&C industry's financial people burnin...
Receivership roll call, 2021
A total of 11 U.S. insurance companies were placed into liquidation in 2021, while another four went into rehabilitation...
A total of 11 U.S. insurance companies were placed into liquidation in 2021, while another four went into rehabilitation...
Article / 2 years ago
Impact of UK virus insurance test case may go beyond pandemic claims
Though the Supreme Court's ruling in the business interruption dispute...
Though the Supreme Court's ruling in the business interruption dispute...
Article / 3 years ago
Europe's top reinsurers more optimistic on COVID-19 claims as pace slows in Q3
More pandemic-related claims are expected, but some CEOs say they have...
More pandemic-related claims are expected, but some CEOs say they have...
Article / 3 years ago
Europe is COVID-19 interruption claims 'hotspot'; court battles limited for now
Analysts maintain that legal disputes over coronavirus-related business interruption cover are an earnings event rather than capital-depleting...
Analysts maintain that legal disputes over coronavirus-related business interruption cover are an earnings event rather than capital-depleting...
Article / 4 years ago
Broker lawsuits are inevitable in virus claims war, but their success is not
Policyholders who have failed to recover coronavirus-related business interruption payments from insurers will have brokers in their sights, but lawyers...
Policyholders who have failed to recover coronavirus-related business interruption payments from insurers will have brokers in their sights, but lawyers...
Article / 4 years ago
Business interruption battles could cut demand for insurance, UK regulator says
Anna Sweeney, executive director of the insurance supervision division at the Prudential Regulation Authority said there is a risk of a protection gap as a result of the coronavirus pandemic...
Anna Sweeney, executive director of the insurance supervision division at the Prudential Regulation Authority said there is a risk of a protection gap as a result of the coronavirus pandemic...
Article / 4 years ago
Looming test case appeals prolong uncertainty around UK virus insurance claims
Both insurers and policyholders could appeal the parts of the Financial Conduct Authority's business interruption test case verdict that went against them, and there may not be a verdict until next year...
Both insurers and policyholders could appeal the parts of the Financial Conduct Authority's business interruption test case verdict that went against them, and there may not be a verdict until next year...
Article / 4 years ago
COVID-19 could focus insurers' minds on climate change risks
Rather than distracting insurers, the pandemic is teaching them lessons about how they should respond to other systemic risks, according to specialists...
Rather than distracting insurers, the pandemic is teaching them lessons about how they should respond to other systemic risks, according to specialists...
Article / 4 years ago
COVID claims battles show insurance policies should change. The question is how
There are growing calls for clearer policy wordings amid disputes around rejected coronavirus business interruption claims. But the changes may not be easy, according to lawyers...
There are growing calls for clearer policy wordings amid disputes around rejected coronavirus business interruption claims. But the changes may not be easy, according to lawyers...
Article / 4 years ago
IFRS 9 And The COVID-19 Pandemic: Important Considerations
Estimating expected credit losses is very challenging during these difficult times...
Estimating expected credit losses is very challenging during these difficult times...
Article / 4 years ago
