From cost control and claims handling to compliance and capital management, the COVID-19 outbreak has turned processes and procedures on their head.https://runoffresolve.com/2020/06/01/navigating-post-covid-19-minefield/ … [Read more...] about Navigating through the post-COVID 19 minefield
Let’s take a look at the impact of one of the reinsurance industry’s most talked about and scrutinized case dealing with post-settlement allocations.http://airrocmatters.org/wp-content/uploads/2020/05/ARIAS-Q1-Final-1.pdfThis article was first published in the ARIAS-U.S. Quarterly, Q1 2020. … [Read more...] about Assessing USF&G’s ‘Objective Reasonableness’ Standard
Second Circuit holds that the “follow-the-settlements” doctrine does not bind a reinsurer to settlement decisions that are inconsistent with the plain, unambiguous terms of the reinsured … [Read more...] about Second Circuit Says Cedent Cannot Use the “Follow-the-Settlements” Doctrine to Circumvent Plain, Unambiguous Policy Provision
As insurers and reinsurers evaluate their potential Covid-19 exposure, we look at the scope for aggregating Covid-19 losses on the basis of some of the market’s more common aggregation language.Read the full article here - https://www.bclplaw.com/en-GB/thought-leadership/is-covid-19-one-event-reinsurance-aggregation.html … [Read more...] about Is COVID-19 One “Event”?: Reinsurance Aggregation
Key Coleman discusses the impact climate change could have on the value of insurance companies’ investment portfolios.Climate change from the burning of fossil fuels has many implications for the US economy. One consideration that deserves greater attention is the impact climate change could have on the value of insurance companies’ investment … [Read more...] about Stranded Assets from Climate Change – Should Insurance Companies be Alarmed?
The reinsurance market has the potential to serve as a bellwether for climate change. Yet despite the frequency and severity of catastrophe losses linked to climate change, capacity remains plentiful.Read the full article here - http://www.rmmagazine.com/2019/04/01/will-climate-change-impact-reinsurance-rates/ … [Read more...] about Will Climate Change Impact Reinsurance Rates?