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

06-05-2020

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

Intelligent Insurer