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Insurance ‘AAA’s unaffected by U.S. downgrade, financial conditions key risk: Fitch

by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, International News, Life

Ratings for these U.S. insurers and the broader sector could face pressure if U.S. fiscal and governance deterioration contributes to a negative scenario of heightened capital market volatility and/or a more severe economic downturn The ‘AAA’ Insurer...
Biden administration pushing insurers to improve access to mental health treatment

Biden administration pushing insurers to improve access to mental health treatment

by AIP Online Bureau | Jul 25, 2023 | Health, International News, Non-Life, Policy, Regulation, Reinsurance

US President Joe Biden “Despite the repeated bipartisan efforts aimed at mental health parity, insurers too often make it difficult to access mental health treatment, causing millions of consumers to seek care out-of-network at significantly higher costs and pay...

Moscow halts grain deal in what UN says is a blow to people in need everywhere

by AIP Online Bureau | Jul 18, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Any resumption of shipments without Russia’s blessing would probably depend on insurers. Industry sources told Reuters they were studying whether to freeze their coverage “The (key) question is whether Russia mines the area which would effectively cease...
Insurers reviewing Black Sea ship cover after Russia suspension

Insurers reviewing Black Sea ship cover after Russia suspension

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
IRDAI asks insurers to quickly settle claims out of North In dia floods

IRDAI asks insurers to quickly settle claims out of North In dia floods

by AIP Online Bureau | Jul 17, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Insurers are advised to respond/assist the claimants through their 24×7 helplines,special claims desks at district level with delegated claims settlement teams for speedyprocessing and settlement of claims including on account payments at the earliest andalso...
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