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....
Liability Insurers Report Rise in Claims Against Architects and Engineers March 24, 2020 By Jim Sams Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first...
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...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI March 20, 2020 Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result...
Report: Climate Change Requires a ‘Rethink’ of How Catastrophic Events are Funded March 19, 2020 By Don Jergler Severe weather events and demographic challenges will continue to strain government finances, a trend that will require “a rethink of...
AIR Worldwide Estimates COVID-19 Global Deaths Could Rise 10K-30K by End of March March 18, 2020 AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000...
P/C Insurers Score Low for Innovation, While Reinsurers Do Better: AM Best March 18, 2020 By Susanne Sclafane In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty...
Study Finds Bias Against Job Candidates Motivated by Pay, Benefits March 18, 2020 By Andrew G. Simpson People with work they are passionate about say it doesn’t even feel like a job. But that doesn’t have to...
Innovation, Economic Growth Depend on Taking Risks, Tolerating Failure: Viewpoint March 17, 2020 While concerns loom over an impending recession caused by the spread of COVID-19, policymakers and business leaders have implemented radical...
After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending March 16, 2020 By Swati Pandey, Carolyn Cohn and Simon Jessop Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are...