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...
P/C Insurers Expect Smaller M&As to Continue in 2020 March 13, 2020 Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance...
Return-to-Work Rates on the Rise in Texas Workers’ Comp System: Report March 12, 2020 The return-to-work (RTW) rate for employees in the Texas workers’ compensation system who received temporary income benefits (TIBs) for their...