AM Best TV & Audio
For VCIA, New Leadership and Legislative Changes Are on Tap for 2022
Also, industry professionals discuss the modest improvement for rates as well as the challenge of remotely building relationships and training staff.
- January 2022
Vermont Captive Insurance Association President Rich Smith chose January to step down to coincide with a captive bill being brought to the state Legislature.
Chris Sparro, executive vice president and chief executive officer of U.S. Insurance, Sompo, said rates have improved but, given the loss environment and inflation, remain insufficient.
The pandemic and different workforce expectations are compelling the excess and surplus sector to reexamine how it remotely builds relationships and trains staff, said Jacque Schaendorf, Insurance House chief executive officer.
Christa Nadler, executive vice president, property, Risk Placement Services, said some recent catastrophes have caught underwriters by surprise.
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LexisNexis: Carriers Need to Update Their Approach to Insurance Fraud in the Digital Age
Also, AM Best Audio explores how ransomware actually may help cybercriminals steal data.
Kim Brown, director of product management, LexisNexis Risk Solutions, explains why carriers are seeing an increase in fraud and what they can do to mitigate the problem.
Thomas Kang, North American head of cyber, tech and media for Allianz Global Corporate & Specialty, explains how hacker groups such as REvil and DarkSide sell or rent their hacking tools to help other malicious actors.
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