AM Best TV & Radio
P/C Joint Industry Forum, Cat Losses and Exposures
AMBestTV reports on the Property/Casualty Insurance Joint Industry Forum in New York, where P/C industry leaders were optimistic about 2019. Also an insurance leader is honored.
- March 2019
Attendees to the annual Property/Casualty Insurance Joint Industry Forum in New York said the industry has demonstrated its ability to weather storms and other natural disasters, but will be buffeted by an increasingly contentious political climate and an advancing technology sector. (Jan. 22, 2019)
Keith Wolfe, U.S. property and casualty president, Swiss Re, said the reinsurer has been deploying flood-related coverages through client insurers, with noteworthy results in at least one instance. Wolfe spoke with AMBestTV at the annual Property/Casualty Insurance Joint Industry Forum in New York. (Jan. 21, 2019)
Sandy Parrillo, president and CEO, Providence Mutual, said some technology-based entrants have adopted a business plan similar to a traditional mutual insurer model. Mutual insurers’ challenge is to leverage their business model with the aid of new technology, she said. Parrillo spoke with AMBestTV at the annual Property/Casualty Insurance Joint Industry Forum in New York. (Jan. 21, 2019)
Stefan Holzberger, senior managing director and chief rating officer, AM Best, said recent hurricanes and wildfires created business interruption and other losses beyond the expectations of modelers, insurers and investors. Holzberger spoke with AMBestTV at the annual Property/Casualty Insurance Joint Industry Forum in New York. (Jan. 24, 2019)
Insurers gathered in New York for St. John’s University’s annual Insurance Leader of the Year dinner, with one of the highest turnouts and fundraising totals in the event’s history. The event honored Daniel Glaser, CEO and president, Marsh & McLennan Cos. (Jan. 18, 2019)
Brian O’Larte, director, AM Best, discusses a special report that examines insurers’ obligations for asbestos-related and other environmental liabilities, and why payouts are not as quick as some had expected. (Jan. 17, 2019)
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Covering Cyber Claims,Fighting Fire Losses
AMBestRadio presents discussions on cyber losses and on bonds to help fight fires before they start.
Matthew Nielsen, senior director of global governmental and regulatory affairs, and Kathleen Maloney, U.S. cyber solutions lead, both of RMS, said some claims for cyber losses are being pursued under coverage for D&O, property and casualty policies.
Linc Walworth, vice president of investments, CSAA Insurance Group, discusses the creation of a bond proceeds from which will be used by the U.S. Forest Service to use in the mitigation of wildfires.
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