Assured Research on Workers' Comp and Essential Services (April, 2020)

In an April Assured Comment we shared our view that essential service employees who contract COVID-19 during their states's lockdown period should enjoy the rebuttable presumption claim standard.  Several states have already taken steps in this direction and we think momentum will build.  Contact us to learn more and to read our analysis as well as our cost estimate.

Assured Comment on Business Interruption and COVID-19 (April, 2020)

In an Assured Comment we offer perspective on legislative and legal efforts to void virus exclusions and force P/C insurers to pay for business interruption claims (where such exclusions were in place).  Among other points in this freely available note, we point out that looming catastrophe season(s) operate independently of this pandemic.  Legislators had better leave surplus in tact for those claims.  Read our Assured Comment.

Assured Research Featured in Carrier Management (April, 2020)

We were pleased to be featured in Carrier Management on the topic of COVID-19 and its far reaching ramifications for the P/C insurance industry.  Entitled: On Disrupted Diagonals and Lengthening Actuarial Tails, we share our view that actuarial loss reserving will become decidedly more art and less science it the quarters ahead.

P/C Industry Loss Reserves Turn Deficient says Assured Research (March, 2020)

For the first time in years, the P/C industry's loss reserves appear to be deficient across the 17 lines and ten accident years studied by Assured Research.  The work, released in an Assured Industry Study on March 17th, pointed to a nearly $5 bil. deficiency, down from an $11 bil. redundancy the prior year-end.  Liability lines are the main source of the deficiency as the Assured Research work points to rising loss ratios amidst concerns over social inflation and nuclear verdicts.  The industry loss ratios? Flat...more in our Industry Study.  Interested parties can contact us for a trial subscription. And our press release on the topic was in Carrier Management - read here.