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AM BEST'S MONTHLY INSURANCE MAGAZINE



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Industrywide Impact

Workers’ compensation insurance, commercial auto, life insurance and asset management are all facets of the insurance industry being impacted by the COVID-19 pandemic and quarantine. Even hurricane forecasting can be affected. AMBestTV and AMBestAudio report on how the turmoil from the pandemic is impacting insurers.
  • July 2020
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Tom Varney

Marla Schwartz Pourrabbani

On Demand

Insurers Brace for What Could Be ‘Above Normal’ Hurricane Season, but With Less Data for Forecasts

June was the official start of hurricane season, but with commercial flights grounded due to the pandemic, forecasters have less data for predictions, industry experts said. Tom Varney from Allianz and Marla Schwartz Pourrabbani from Swiss Re discuss the risks.


Bill Donnell

NCCI: COVID-19 Pandemic Impacts Workers’ Comp Premiums, Claims

High unemployment rates are pushing workers’ comp premiums down, while claims related to the pandemic are still developing, said Bill Donnell, president and CEO, National Council on Compensation Insurance.


Kyle Hoffman

Commercial Auto Insurers Could See Fewer but Costlier Claims in Pandemic

While insurers saw accident frequency drop during the quarantine, industry experts, including Kyle Hoffman of Convr, worry that essential workers logging longer hours could hike severity.


Brady Kelley

WSIA: We’ve Got Our Work Cut Out to Educate Regulators, Lawmakers

Insurers must educate policymakers on why business interruption writers can’t pay COVID-19 claims for coverage they never wrote, said Brady Kelley, executive director, WSIA.


Andrew Kinsey

Allianz: Marine Insurers Facing Accumulation Risk During Pandemic

As economies slow, marine insurers are finding more cargo at rest, and at risk, said Andrew Kinsey, senior marine risk consultant, Allianz Global Corporate & Specialty.


Alison Salka

Executives Say Life Insurers Are Adjusting to Writing Business During Pandemic

Life insurers are stepping up digital sales and automatic underwriting during the pandemic, say industry executives including Alison Salka of LIMRA.


Visit www.ambest.com/video to see new and archived video from AMBestTV

 

 

 

Changes Happening In Underwriting And Marketing Methods

Executives talk to AMBestAudio about a wildfire backstop for utilities and about how agents are responding in the era of COVID-19.

 

California Earthquake Authority Managing $21 Billion Wildfire Backstop for Utilities

The publically managed but privately funded California Earthquake Authority, a nonprofit, is now also managing the $21 billion wildfire backstop for utilities, said CEO Glenn Pomeroy.

 

Liberty Mutual: Independent Agents Auditing, Improving Digital Presence

Independent agents are refreshing their websites, finding new social channels and improving digital marketing during the pandemic, said Tyler Asher, president, Independent Agent Distribution, Liberty Mutual and Safeco Insurance.


Find AMBestAudio at www.ambest.com/ambaudio.

 


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