April 11, 2021
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  • INDUSTRY NEWS
    . .

    Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

    . .

    Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO.

    . .

    “Still Opportunities to Get Things Done Despite Dysfunctional US Government” – APCIA CEO

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    Innovation is Happening in Insurance, but Not Disruption – Not Yet! – Aisus CEO

    . .

    NY Insurers Face Challenges and Opportunities in Tech, Financial Literacy – NYIA

  • COMMERCIAL RISK
    . .

    Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs

    . .

    Climate Change Affecting Insured Losses, but Hard to Quantify – Dr. Klotzbach, Colorado State University.

    . .

    Independent Agents See Growth Across All Lines, Despite Challenges – Big I CEO

    . .

    Technology and “Lookers” Enhance Claims Management process – Crawford COO

    . .

    Cyber cover evolves as insurtech explodes – Business Insurance editor

  • CONSUMER RISK
    . .

    FL Commissioner Optimistic about Emerging Consumer Products/Services

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    New Revenues for Insurers Exist in Sharing Economy – Re-Sure CEO

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    Insurers need “sense of urgency” to improve claims and risk assessment process

    . .

    “Amazoned” consumers present challenges & opportunities to personal lines insurers.

    . .

    “Upstart Insurtechs” raising the bar in homeowners market – LexisNexis exec.

  • REINSURANCE/ILS
    . .

    Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

    . .

    Robust Reinsurance Market Not Without its Challenges – RAA CEO.

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    Customer Experience…a Modern Differentiator for Insurers – BMS Re CEO

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    US Reinsurance Market “Healthy” While Facing New Threats & Opportunities

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    Reinsurance upgraded to “Stable” as A.M. Best cites possible “inflection point”

  • CAREERS/PROFESSIONAL DEVELOPMENT
    . .

    P&C Industry Gives $1B+/year to Charity…IICF on Women in Insurance & Millennial Summit

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    St. Baldrick’s Carries on Tradition of Giving – NAMIC CEO

    . .

    Looking ahead…Automation, Robotics and AI could help fill “Talent Gap”

    . .

    Grow by Solving Society’s Problems…A.M. Best exec.

    . .

    Spencer Foundation fights “war for talent” with scholarships, grants and internships.

3 New Articles
  • Oct 12, 2020 Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets
  • Feb 6, 2020 Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs
  • Jan 29, 2020 Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO.
Home Recent Stories (page 3)

Recent Stories

Recent Stories for the Week

Insurance industry joins with UN, World Bank to tackle global risks.

By WRIN.tv News Desk
Jul 10, 2017
in :  FEATURED, INDUSTRY NEWS, Markets, Recent Stories, WRIN.tv Newswire

In this edition of WRIN.tv’s Wide World of Risk, Mike Morrissey, President and CEO of the International Insurance Society, provides insight from his discussions with insurance company CEOs the world over. He sites four recurring themes dominating the minds of CEOs, including cyber risk, environmental risks, humanitarian disasters and insurtech. Mr. Morrissey says the “disaster aid mechanism that the world …

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CAT Report: Changing Focus from Recovery to Resilience.

By WRIN.tv News Desk
Jun 14, 2017
in :  Claims Management, FEATURED, Homeowner/Renter/Auto, INDUSTRY NEWS, P&C, Recent Stories, WRIN.tv Newswire

With the Hurricane Season underway, WRIN.tv speaks with Insurance Information Institute (I.I.I.) President and CEO Sean Kevelighan about the forecast for 2017, and a change in focus from ‘recovery’ to ‘resilience.’ Mr. Kevelighan drew from a recent announcement jointly published by the I.I.I., the Department of Atmospheric Science at Colorado State University (CSU) and the Tropical Meteorology Project (TMP), which forecasts “near-average …

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“Lone Wolf Terror” and the rapid evolution/frequency of liability exposures.

By WRIN.tv News Desk
May 31, 2017
in :  Claims Management, COMMERCIAL RISK, Corporate Risk Management/ERM, EMERGING TRENDS, FEATURED, P&C, Recent Stories, Specialty Lines, WRIN.tv Newswire

Saad Mered, Group Chief Claims Officer at Zurich, lays out key concerns of risk managers today including the emergence of liability internationally, the frequency of claims, and the unexpected impact of “lone wolf terror” attacks. Mr. Mered sees the rapid evolution of liability frameworks in many countries as surprising to risk managers and carriers alike. The trend is emerging even …

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Foreign expansion / emerging markets / supply chain risk…advice for risk managers.

By WRIN.tv News Desk
May 22, 2017
in :  Claims Management, COMMERCIAL RISK, Corporate Risk Management/ERM, FEATURED, Recent Stories, WRIN.tv Newswire

Over the next several years, multinational firms expect to expand trade in foreign markets or increase trade in international markets they already do business in. Managers dealing with international risk are challenged to manage their existing risk management programs, especially when exposures from physical plants, increased revenue and loss trends changing. That according to Richard Friesenhahn, Head of Multinational for …

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Need to Know: “Conduct of Insurance” in each country of multinational coverage program.

By WRIN.tv News Desk
May 11, 2017
in :  Claims Management, COMMERCIAL RISK, Corporate Risk Management/ERM, FEATURED, Legislation/Regulation, Recent Stories, WRIN.tv Newswire

Petra Riga, Head of Distribution for Zurich in Europe, Middle East and Africa (EMEA), joins WRIN.tv to discuss the issues risk managers face when dealing with multinational regulations and rules and expectations of local regulators around the world. Ms. Riga says risk managers are challenged by increased international regulation. She notes that risk managers of multinational companies must consider insurance …

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Cyber Update: Ransom-ware of Things, Malware as a Service Industry, Risk Management Tips.

By WRIN.tv News Desk
May 9, 2017
in :  Data/Tech/Modeling, EMERGING TRENDS, Homeowner/Renter/Auto, INDUSTRY NEWS, Recent Stories, Specialty Lines, WRIN.tv Newswire

Emy Donavan, Global Head of Cyber at Allianz Global Corporate & Specialty, provides an update on the world of cyber risk, including an increase in attacks on consumer devices, malware as a business, and tips for risk managers looking to prepare for inevitable attacks. More recent developments in cyber risk include an increase in attacks on consumer devices such as …

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Protectionism, Middle East conflicts and water scarcity driving geopolitical risk.

By WRIN.tv News Desk
May 4, 2017
in :  Corporate Risk Management/ERM, EMERGING TRENDS, FEATURED, Recent Stories, Specialty Lines, WRIN.tv Newswire

David Anderson, Head of Credit & Political Risk at Zurich Insurance Group, explains the key findings from a recent study released along with the Atlantic Council, a think tank in Washington DC. The report entitled “Our World Transformed: Geopolitical Shocks and Risks”, looks at global risks with geopolitical consequences and interconnections. Mr. Anderson says, for example, if multiple economies start …

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Wearable Technologies impacting risk management, claims management…and premiums.

By WRIN.tv News Desk
May 2, 2017
in :  Claims Management, Corporate Risk Management/ERM, Data/Tech/Modeling, EMERGING TRENDS, Recent Stories, WRIN.tv Newswire

Chad Hollingsworth, President of Triax Technologies, discusses the impact of wearable technologies on businesses and the management of risk and claims.  In order to be more attractive to business, wearables must be easy to use, deployable with a long battery life. Triax focuses on wearables as a safety tool for construction companies. He says simply knowing the number of workers …

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“Excellence in Risk Management” report sheds light on risks from disruptive technologies.

By WRIN.tv News Desk
May 1, 2017
in :  Agents/Brokers/Consultants, COMMERCIAL RISK, Corporate Risk Management/ERM, EMERGING TRENDS, FEATURED, Recent Stories, WRIN.tv Newswire

Brian Elowe, Marsh’s U.S. Client Executive Leader, reviews the key findings from the 14th annual Excellence in Risk Management report, published jointly by Marsh and RIMS. He sees a gap between the use of ‘disruptive technologies’ and the understanding of the risks that come with it. Mr. Elowe, who co-authored the report, begins by recognizing examples of ‘disruptive technologies’ such …

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Spencer Foundation fights “war for talent” with scholarships, grants and internships.

By WRIN.tv News Desk
Apr 27, 2017
in :  CAREERS/PROFESSIONAL DEVELOPMENT, Corporate Risk Management/ERM, Education/Certification, FEATURED, Recent Stories, Working in Risk & Insurance, WRIN.tv Newswire

Ron Davis, Chairman of the Spencer Educational Foundation and EVP/Head of Customer Management at Zurich, explains why the insurance industry needs to attract and encourage young talent. He says there is a large number of people leaving the industry right now, and that is causing a gap…a need for people with the right skillset and attitudes. He notes that the …

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Distracted Driving / Higher Repair Costs pushing auto premiums higher – III CEO.

By WRIN.tv News Desk
Apr 23, 2017
in :  Auto/Marine/Aviation, CONSUMER RISK, Data/Tech/Modeling, EMERGING TRENDS, FEATURED, Homeowner/Renter/Auto, Recent Stories, Working in Risk & Insurance, WRIN.tv Newswire

“We have disruption all over… (and) the insurance industry deals with it.” That, according to Sean Kevelighan, President and CEO of the Insurance Information Institute (III), who spoke at the recent AAIS Main event in Florida. He notes that the insurance industry is accustomed to dealing with natural and man-made catastrophes, even technology, which a major disruptor right now. Mr. …

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Major CAT loss unlikely to move buyer’s market in reinsurance – RAA President.

By WRIN.tv News Desk
Apr 18, 2017
in :  Recent Stories, Reinsurance Markets, REINSURANCE/ILS, WRIN.tv Newswire

Frank Nutter, President of the Reinsurance Association of America (RAA), says the reinsurance market has not changed much in previous years.  “Capacity exceeds demand…It’s a buyer’s market.” Reinsurance brokers report that the “rate threshold” has not been reached as of January, and probably won’t be for the foreseeable future. He believes that even a major catastrophe probably would not likely …

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NAIC CEO on technology, disruption, capital standards, and cross-border insurance sales.

By WRIN.tv News Desk
Apr 5, 2017
in :  Data/Tech/Modeling, FEATURED, Health Insurance, INDUSTRY NEWS, Legislation/Regulation, Recent Stories, WRIN.tv Newswire

Michael Consedine, the new CEO of the National Association of Insurance Commissioners (NAIC), speaks at the AAIS Main Event about his priorities; technology, innovation and disruption; the IAIS and international capital standards; and Trump Administration goals to create a more competitive healthcare market through cross-border insurance sales. Mr. Consedine says some of his propitiates encompass innovation and technology, as well …

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Criminals stay ahead of industry/technologies to boost healthcare fraud, auto/cargo theft.

By WRIN.tv News Desk
Mar 15, 2017
in :  Auto/Marine/Aviation, Claims Management, Health Insurance, Homeowner/Renter/Auto, P&C, Recent Stories, WRIN.tv Newswire

Healthcare fraud in the auto insurance industry is a focus of the National Insurance Crime Bureau (NICB). Roger Morris, Chief Communications Officer of the NICB, discusses schemes across the country that support fraud against the insurance industry, and an Aggregated Medical Data Base and Medical Fraud Task Forces set up by the NICB to combat major medical fraud. Mr. Morris …

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Long-term Pollution Liability coverage (10+ years) fewer and farther between.

By WRIN.tv News Desk
Mar 8, 2017
in :  COMMERCIAL RISK, Corporate Risk Management/ERM, Markets, P&C, Recent Stories, WRIN.tv Newswire

John Heft, SVP and Director of the Real Estate Practice at New Day Underwriting, reviews the dynamics of today’s Environmental Liability marketplace.  He notes that Contractors Pollution Liability is the largest among segments of the market, with 50-60 carriers offering coverage.  Mr. Heft says Contractors Pollution Liability coverage is very profitable, and coverage continues to expand as a result. With …

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Drones…The emerging risks and risk management strategies.

By WRIN.tv News Desk
Feb 23, 2017
in :  Auto/Marine/Aviation, COMMERCIAL RISK, Corporate Risk Management/ERM, EMERGING TRENDS, Recent Stories, WRIN.tv Newswire

Lorie Masters, a Partner at Perkins Coie, looks at the risks associated with operating Unmanned Aerial Vehicles (UAVs) and drones, for operations and provides advice on ways to manage them. While still at the dawn in the use of UAVs, Ms. Coie sees several risks emerging from their use, including first-party risks associated with the cost of the drone, and …

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Reinsurers look to economy, privatized flood insurance and cyber for growth.

By WRIN.tv News Desk
Jan 25, 2017
in :  ILS & Capital Markets, Recent Stories, Reinsurance Markets, REINSURANCE/ILS, WRIN.tv Newswire

WRIN.tv speaks with Frank Nutter, President and CEO of the Reinsurance Association of America (RAA), about the state of the reinsurance market, capital growth, a US/EU covered agreement, and growth. According to Mr. Nutter, the market remains highly competitive. Capacity and capital increased in 2016, which contributed to rates being flat to down – a good thing for buyers. Capital …

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A Trump Administration… Insurance Leaders Comment on Impact to Industry.

By WRIN.tv News Desk
Jan 22, 2017
in :  FEATURED, INDUSTRY NEWS, Legislation/Regulation, P&C, Recent Stories, REINSURANCE/ILS, Uncategorized, WRIN.tv Newswire

On the Road at the Joint Industry Forum in New York, WRIN.tv asked several insurance trade association executives to consider the impact of the new Trump Administration on various sectors of the insurance industry. Here, we share the hopes, concerns and expectations of: Michael Morrissey, President & Chief Executive Officer of the International Insurance Society (IIS) David Sampson, President and …

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Insurance industry accepts “Disruption is everywhere” – III President & CEO Kevelighan

By WRIN.tv News Desk
Jan 18, 2017
in :  Data/Tech/Modeling, FEATURED, Legislation/Regulation, Recent Stories, WRIN.tv Newswire

WRIN.tv goes “On the Road” to the Joint Industry Forum, hosted by the Insurance Information Institute (III).  Here, III President and CEO Sean Kevelighan reflects on 2016, contemplates the challenges ahead in 2017, including the impact of the new administration in Washington, and the outcomes of the 2017 Joint Industry Forum. Looking back at 2016, Mr. Kevelighan says industry professionals had …

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Income Disparity, Climate, Polarization, Cyber & Aging Top WEF Global Risk Report

By WRIN.tv News Desk
Jan 10, 2017
in :  Data/Tech/Modeling, FEATURED, INDUSTRY NEWS, Recent Stories, WRIN.tv Newswire

The Global Risks Report 2017, published at The World Economic Forum in Davos, features perspectives from nearly 750 experts on the perceived impact and likelihood of 30 prevalent global risks as well as 13 underlying trends that could amplify them or alter the interconnections between them over a 10-year time-frame. This year’s findings include five key challenges that the world …

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