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AIG and Argo up 10 percent as insurance stocks surge
Insurance stocks outperformed as Federal Reserve agreed to take further action and lawmakers mulled a pandemic backstop.
Bernard Goyder
,
10 April 2020
SEC officials call on firms to expand Covid-19 disclosures
The comments come as AM Best earlier today warned over the impact of regulatory creep on BI claims.
John Hewitt Jones
,
10 April 2020
Farmers and Progressive provide rebates to commercial clients
The companies are agreeing to refund 20 percent of premium payments for March and April, as the pandemic rages.
Bernard Goyder
,
10 April 2020
P&C sector well-positioned for Covid-19 but ‘regulatory creep’ lurks: AM Best
The ratings agency discussed impacts from the pandemic and noted that it is still awaiting responses to a “stress test” questionnaire.
Christie Smythe
,
10 April 2020
US tornado losses to near $2bn from March: Aon
Twisters included those that struck Nashville and Jonesboro last month.
Bernard Goyder
,
09 April 2020
US lawmakers float $500bn pandemic backstop legislation
Under a draft bill seen by this publication the scheme would pay out when aggregate claims surpass $250mn.
John Hewitt Jones
,
09 April 2020
PRA to stick with climate change, resilience work amid pandemic
The UK regulator says workstreams will have to “flex” because of Covid-19, but won’t be abandoned.
Laura Board
,
09 April 2020
Hiscox seeks to hold line on BI claims as it comes under fire
Sources suggest the insurer has broader policy wording than that typically used for small business clients.
Adam McNestrie
,
09 April 2020
TSR predicts above-average Atlantic hurricane season
The storm forecasting and tracking firm predicts up to three intense hurricanes in the June-to-November period.
Jeff Kuntz
,
09 April 2020
Dividend halts soften Covid-19 Solvency II hit by up to 10 points: Moody’s
The ratings agency estimates end-March ratios at between 190 and 200 percent.
Samuel Casey
,
09 April 2020
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