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Joint Industry Forum, Leader of the Year and Coronavirus

AMBestTV reports on two major gatherings of insurance luminaries: the annual Property/Casualty Insurance Joint Industry Forum and St. John’s University’s 25th annual Insurance Leader of the Year Awards Dinner. Video news also includes coverage of Pennsylvania Lumbermens Mutual’s 125th anniversary, the possible insurance impact of the coronavirus, and an update on the Vermont captive insurance market.
  • March 2020
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David Sampson

On Demand

Climate Change, Interest Rates, Social Inflation Challenge Insurers

Executives attending the annual Joint Industry Forum, including David Sampson, president and CEO of the American Property Casualty Insurance Association, said the insurance industry faces a myriad of challenges this year, including impact from rising jury verdicts, acquiring talent and closing the insurance protection gap. (Jan. 16, 2020)


Sean Kevelighan

Information Institute’s Kevelighan: 2020 Is the Year of Resilience

Sean Kevelighan, chief executive officer, Insurance Information Institute, said the organization is kicking off an effort to highlight factors important in overcoming the impacts of natural catastrophes. (Jan. 16, 2020)


Maurice R. “Hank” Greenberg

Insurance Leaders Acclaim Starr’s Greenberg, St. John’s Risk Program

Attendees to St. John’s University’s 25th annual Insurance Leader of the Year awards dinner learned that the school’s risk and insurance program will be renamed to honor award winner Maurice R. “Hank” Greenberg, chief executive of C.V. Starr & Co. (Jan. 16, 2020)


Bruno Caron and George Hansen

AM Best: Coronavirus, Pandemics Test Insurers’ Enterprise Risk Preparedness

Insurers’ strategies could be tested if a pandemic emerges from the coronavirus, first identified in Wuhan, China, said AM Best analysts George Hansen and Bruno Caron. (Jan. 28, 2020)


John K. Smith

Pennsylvania Lumbermens Mutual CEO: You Make Money in Business You Know

Celebrating the company’s 125th anniversary, John K. Smith, president and CEO of Pennsylvania Lumbermens Mutual, said the insurer has been successful by focusing on its niche: lumber-related companies. (Jan. 31, 2020)


David Provost

Vermont’s Provost: Retreats by Reinsurers Drive Captive Advances

David Provost, Vermont’s deputy commissioner for captives, said the state experienced another year of captive growth, both in number and premiums. Catastrophes and litigation costs are causing reinsurers to reduce coverage and raise rates. (Feb. 5, 2020)


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Insurers Are Paying Claims Faster and Seeing E&S Premiums Rise

Industry experts talk with AMBestRadio about how insurers are trying to speed up the claims process. Also, what is driving the growth in E&S?

 

The Need for Speed

Ryan McMahon, vice president of insurance and government affairs at Cambridge Mobile Telematics, said the insurance industry has done a great job making the claims process as fast as possible over the years.

 

Excess and Surplus Premiums Rise

Brady Kelley, executive director of the Wholesale & Specialty Insurance Association, discusses 2019 growth in E&S and what’s driving the trend.


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