The following chart shows the Guy Carpenter U.S. Property Catastrophe Rate-on-Line (ROL) Index for the period 1990 to 2020. ... Continue Reading »
United States
U.S. Property & Casualty Rating Upgrades Outpace Downgrades During the First Half of 2020
Given the confluence of COVID-19, ongoing fire and wind catastrophe events and A.M. Best’s evolving criteria it is increasingly important to stay on top of A.M. Best’s views, particularly on topical issues. ... Continue Reading »
Health Insurers and COVID-19: Future Impacts
Guy Carpenter has identified certain factors that may impact how large medical insurance carriers adapt to the needs of their insureds and employees in the United States amid COVID-19. ... Continue Reading »
COVID-19: Employer-Sponsored Healthcare Plans
Approximately 49 percent of the U.S. population is covered by employer-sponsored health plans (2018 figures from the Census Bureau’s American Community Survey 2008-2018 sponsored by the Kaiser Family Foundation). Health insurers are partnering with their insureds to navigate issues around employers’ and employees’ ability to pay premiums for coverage, eligibility to participate ... Continue Reading »
Cost Sharing and Telehealth
In the beginning of March 2020, insurers across the country immediately began requesting that barriers to providing care be removed during the pandemic to help them more efficiently test and treat COVID-19 patients. However, on March 18, 2020, Congress passed the Families First Coronavirus Response Act, which required health insurance companies that offer individual and group ... Continue Reading »
Health Insurers and COVID-19: Background and Timeline
As COVID-19 spreads throughout the United States and the resulting economic disruption continues, medical insurance carriers are responding to the needs of their customers in a rapidly changing market landscape shaped by legislative and competitive conditions. In this article, we provide an overview of how large medical insurance carriers are adapting to the needs of their ... Continue Reading »
Wildfire – Understanding and Modeling the Risk: Part IV
The GC Urban Conflagration Index, available in the western United States and Florida, identifies areas where the phenomenon of urban conflagration is more likely. Urban conflagration – wildfire entering a developed area and spreading from structure to structure, is of particular concern to carriers due to the highly correlated and often total resulting losses. The GC Urban C ... Continue Reading »
Wildfire – Understanding and Modeling the Risk: Part III
In a proactive response to consecutive years of record wildfire insured losses, Guy Carpenter has been working to develop tools to help clients quantify, manage and better understand their wildfire risk, according to Alexander Van Dijk, President, U.S. Branches, and Kimberly Roberts, North America Peril Advisory, Guy Carpenter. This includes a holistic suite of tools and ... Continue Reading »
Eta Redevelopment; Caribbean and Florida Threat; Central America Impacts
After making landfall Tuesday afternoon as a dangerous category-4 Hurricane in Nicaragua, Tropical Depression Eta is currently a 35 mph storm over warm waters off the coast of Belize. Catastrophic flooding is occurring in portions of Central America, with landslide potential in higher terrain. Eta is expected to redevelop and begin a track to the northeast, possibly impacting ... Continue Reading »
CAT-i Bulletin: Hurricane Zeta
Hurricane Zeta made landfall the evening of October 28 around 4PM CDT, near Cocodrie, LA. According to National Hurricane Center (NHC) advisories, maximum sustained winds at landfall were 110 mph, a strong category-2 on the Saffir-Simpson Scale. The hurricane produced extensive wind impacts with downed trees and powerlines and variable property damage. Seawater inundation due ... Continue Reading »
