News Coronavirus watch06 May 2020

Two months of retroactive BI coverage could devastate insurers' capital

| 06 May 2020

Industry capital backing US insurers and reinsurers writing business interruption (BI) insurance could decline by as much as 50% on an after-tax basis if legislated policy changes force carriers to pay for two months of retroactive coverage on COVID-19-related BI claims, according to new analysis by AM Best.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.

Recent Comments

Other News

Follow Asia Insurance Review