Susanne Sclafane

/Susanne Sclafane

About Susanne Sclafane

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So far Susanne Sclafane has created 10 blog entries.
18 09, 2020

Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals

By | September 18th, 2020|Uncategorized|Comments Off on Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals

Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance contracts next year, a reinsurance broker representative revealed recently. Amanda Nguyen, U.S. Casualty Solutions Leader for Reinsurance …

18 09, 2020

What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’

By | September 18th, 2020|Uncategorized|Comments Off on What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’

Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a broker he knows. “It isn’t a …

3 08, 2020

COVID Business Interruption Suits Top 700. Yep, That’s A Lot

By | August 3rd, 2020|Uncategorized|Comments Off on COVID Business Interruption Suits Top 700. Yep, That’s A Lot

When insurance coverage lawsuits brought by businesses seeking coverage for COVID-related interruptions surpassed the 700 mark last week, the natural question to ask was: Is that a lot? That’s exactly the question that Chris Cheatham, CEO and co-founder of insurtech …

27 05, 2020

Lawmaker Details Federal Reinsurance for Pandemic Business Interruption, Event Losses

By | May 27th, 2020|Uncategorized|Comments Off on Lawmaker Details Federal Reinsurance for Pandemic Business Interruption, Event Losses

New York Congresswoman Carolyn Maloney has introduced the Pandemic Risk Insurance Act of 2020, a federal backstop for pandemic-related business interruption insurance modeled after the Terrorism Risk Insurance Act. “This is the only bill I have written that people are …

19 05, 2020

P/C Insurers Back a Federal Pandemic Loss Fund But Not a Backstop Like TRIA

By | May 19th, 2020|Uncategorized|Comments Off on P/C Insurers Back a Federal Pandemic Loss Fund But Not a Backstop Like TRIA

Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but their program won’t be modeled after the Terrorism Risk Insurance Act as some have urged. …

5 05, 2020

Analysts Tally Workers’ Comp Cost of Exposure to COVID-19

By | May 5th, 2020|Uncategorized|Comments Off on Analysts Tally Workers’ Comp Cost of Exposure to COVID-19

While the potential cost of relaxing a tenet of the workers’ compensation system to deal with extraordinary circumstances of COVID-19 could top $50 billion, it’s more likely to be one-fifth of that, an analyst reported recently. States like Michigan and …

14 02, 2020

Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair

By | February 14th, 2020|Uncategorized|Comments Off on Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair

As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known insurance analyst predicted at an industry conference. V.J. Dowling, …

15 06, 2016

Zurich Reorg Designed to Improve the Customer Experience: CEO Greco

By | June 15th, 2016|Recent Articles|Comments Off on Zurich Reorg Designed to Improve the Customer Experience: CEO Greco

The structural changes announced by Zurich Insurance Group late last week are intended to organize the company “around the customer” and improve customer innovation, according to Chief Executive Officer Mario Greco. While a simplified structure will create cost benefits, that is not …

15 06, 2016

Zurich Reorg Designed to Improve the Customer Experience: CEO Greco

By | June 15th, 2016|Recent Articles|Comments Off on Zurich Reorg Designed to Improve the Customer Experience: CEO Greco

The structural changes announced by Zurich Insurance Group late last week are intended to organize the company “around the customer” and improve customer innovation, according to Chief Executive Officer Mario Greco. While a simplified structure will create cost benefits, that is not …

18 12, 2015

Fitch: Overall P/C Insurance Reserves Adequate; Prior Years’ Favorable Development Continues

By | December 18th, 2015|Recent Articles|Comments Off on Fitch: Overall P/C Insurance Reserves Adequate; Prior Years’ Favorable Development Continues

Property/casualty insurers continued to take down loss reserves for prior years in 2014, which marked the ninth straight calendar year of favorable development for the industry in aggregate, according to a new report from Fitch Ratings. Fitch also estimates that …