Vermont’s Department of Financial Regulation has issued guidelines for the financial sector within the state regarding the COVID-19 pandemic, including restricting captive board meetings
A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit ratings of “a+” of Queen City Assurance and Vine Court Assurance Incorporated, both are domiciled in Burlington, Vermont
The Self-Insurance Institute of America has cancelled its Self-Insured Workers’ Compensation Executive Forum because of concerns related to the COVID-19 pandemic
The Airmic 2020 Conference has been cancelled due to the rapid spread of the COVID-19 illness
The Guernsey International Business Association has provided guidance on economic substance requirements and the COVID-19 pandemic as it is “becoming increasingly clear that [the virus] will have an impact on the way many companies operate”.
The current COVID-19 pandemic is creating captive insurance’s "chance to shine", according to Ben Whitehouse, senior counsel at Butler Snow
US health insurers will receive an increase in both the number of claims related to the COVID-19 pandemic, as well as a rise in the severity of claims, according to A.M. Best
The Hong Kong Insurance Authority has welcomed the introduction of two insurance amendment bills to strengthen its risk management capabilities
