AM Best TV & Audio
As the COVID-19 pandemic and the economic effects of it continue, AMBestTV and AMBestAudio report on how the ongoing catastrophe is impacting insurers.
- June 2020
William E. Rotatori
Woody Bradford, chairman and CEO Under , Conning; Elizabeth Henderson, a principal and director of corporate credit at Asset Allocation & Management Co. and William E. Rotatori, chairman and CEO, New England Asset Management told AMBestTV that asset managers are under pressure to adjust to changing market conditions due to the pandemic.
The economic impact of COVID-19 is estimated to be three times worse than the 2008 financial crisis, said Ann Modica, economist, AM Best.
Companies must have strong security in place to protect buildings now empty due to the COVID-19 shutdown, says Brion Callori, senior vice president, engineering and research, FM Global.
Insurers are seeing those tech investments pay off now while employees work remotely, said Jason Verlen, senior vice president, product management, CCC Information Services.
Car insurers are returning $10.5 billion to policyholders through rebates and premium credits to reflect fewer claims and miles driven during the quarantine. Insurance Information Institute Chief Executive Officer Sean Kevelighan and Birny Birnbaum, executive director, Center for Economic Justice, spoke with AMBestTV.
Insurance and personnel experts say the most important skill that will define next generations of insurance leadership is the ability to master developments without losing sight of the big picture. The panel discussion at the Emerging Leaders Conference is moderated by Morgan Kimble, Erie Insurance’s medical claims facilitation supervisor.
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Pandemic Brings Changes to Regulation for Agents, Brokers
Industry experts talk to AMBestAudio about an expected uptick in regulation and the CARES Act.
Dan Rabinowitz, head of the insurance practice at the law firm of Kramer Levin, explains how the National Association of Insurance Commissioners, as well as state legislatures, are responding to the coronavirus pandemic.
Joel Kopperud, vice president of the Council of Insurance Agents and Brokers, says the organization finds the Coronavirus Aid, Relief, and Economic Security Act vital to the economy and the well-being of member agents and brokers.
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