AM Best TV & Audio
Allianz Executive Warns Businesses Must Be Ready for Rising Social Unrest
Also, industry professionals discuss Tornado Alley shift, lack of disability insurance and a surge in auto telematics adoption.
- August 2022
The cost-of-living crisis, on the heels of the pandemic and social media amplifications, has created an environment ripe for civil unrest, said Srdjan Todorovic, head of Global Political Violence & Hostile Environment Solutions at Allianz.
A shift in Tornado Alley to the south and east could bring increased property, crop, auto and other losses to states such as Alabama, Mississippi and Kentucky, while states in the central U.S. might soon see fewer insured losses.
One-fourth of Americans say they would withdraw money from their retirement accounts or incur withdrawal penalties if they are disabled and need money to replace lost income, said Elaine Tumicki, corporate vice president, LIMRA.
Inflation drove a 33% surge in auto telematics adoption in the first quarter of 2022, said Michelle Jackson, senior director, personal property and casualty, TransUnion, referencing a new study.
Visit www.ambest.com/ambtv to see new and archived video from AM Best TV.
ProAssurance Corp. CEO: Pricing, Inflation, Large Jury Awards Affecting MPLI Sector
Also, AM Best audio explores how carriers are streamlining the auto claims process.
Abundant capacity is seen as a price depressant across the medical professional liability insurance sector, said Edward L. “Ned” Rand Jr., chief executive officer, ProAssurance Corp.
Tanner Sheehan, vice president and general manager, U.S. claims at LexisNexis Risk Solutions, discusses how carriers are making the claims process fast, efficient and fair.
Visit www.ambest.com/ambaudio to listen to new and archived audio from AM Best Audio.