How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London March 30, 2020 By Carolyn Cohn, Noor Zainab Hussain and Jonathan Saul Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts,...
From Free Coverage to Medical Masks. P/C Insurers Deliver Some Good News. March 30, 2020 By Andrew G. Simpson While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that...
Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal March 27, 2020 By L.S. Howard Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a...
Lloyd’s Returns to Profit, Says in ‘Strong Position’ to Respond to COVID-19 March 26, 2020 By L.S. Howard While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is...
Florida Regulator Outlines How Industry Can Help Insureds During COVID-19 Response March 26, 2020 The Florida Office of Insurance Regulation has issued an additional memorandum related to the coronavirus outbreak to all the insurers...
North Carolina Urges Insurers To Be ‘Flexible,’ Available During COVID-19 Emergency March 25, 2020 North Carolina Insurance Commissioner Mike Causey has asked the state’s insurance companies to be economically flexible with consumers in light...
AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business March 25, 2020 Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this...
What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus March 25, 2020 By Susanne Sclafane and Andrew G. Simpson As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact March 24, 2020 Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable....
Fitch Revises Global Reinsurance Sector Outlook to Negative; Rating Outlook Stable March 23, 2020 Fitch Ratings announced a dimmer “sector outlook” for global reinsurers—changing it to negative from stable, pointing to increased concerns over...