AM Best TV & Radio
Active Shooter Coverage, Levee Risks and Cyberrisk
AMBestTV reports on the annual conference of the National Council of Insurance Legislators, held in Austin, Texas, where topics included active shooter insurance. Video news also includes coverage of the Insurance Industry Charitable Foundation’s annual benefit dinner as well as a closer look at the nation’s levee system and the cyber insurance market.
- February 2020
Attorney Stuart Miller, Wilson Elser, said new forms of active shooter coverage take precedence over traditional general liability coverages, allowing insureds to quickly access support and resources. Miller spoke with AMBestTV at the annual conference of the National Council of Insurance Legislators, held in Austin, Texas.
The Insurance Industry Charitable Foundation honored Tony Markel, co-vice chairman of Markel Corp., and the company for their charitable work, including helping to raise $1 billion for the City of Hope.
Cyber is not just an underwriting risk for insurers, but potentially a business continuity risk as well, said Greg Carter, managing director, Analytics EMEA and Asia Pacific, AM Best. He spoke with AMBestTV at the AM Best Insurance Market Briefing–Europe, held in London.
Insurers say the nationwide levee system is a key element in flood protection, and ought to be adequately funded by reauthorizing the Water Resources Development Act in the current U.S. Congress.
A review of U.S. homeowners insurers’ incurred losses between 1971 and 2018 shows that storms, fires and earthquakes can wreak havoc in surprising locations.
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New Auto Law Adds Fee Schedules, Could Bring Uncertainty
Industry experts talk with AMBestRadio about the new no-fault auto law in Michigan. New fee schedules take effect next year.
Michele Hibbert-Iacobacci, senior vice president, regulatory compliance management, Mitchell International, said Michigan’s new no-fault auto law, which adds fee schedules for the first time, is expected to save money but could bring uncertainty as Michigan’s claims personnel adapt to new regulations. The law’s new fee schedules take effect July 2, 2021.
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