Forced retro BI cover will have 'destructive' impact on insurers' capital, warns AM Best


AM Best analysts suggest that industry capital backing US insurers and reinsurers writing business interruption (BI) insurance could decline by as much as 50 percent 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.

AM Best, Business interruption, Coronavirus, Insurance, Reinsurance, Claims, North America

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