January 25, 2021
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  • INDUSTRY NEWS
    . .

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

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

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    “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

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

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

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

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

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

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    Cyber cover evolves as insurtech explodes – Business Insurance editor

  • CONSUMER RISK
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    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

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

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

  • REINSURANCE/ILS
    . .

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

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    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
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    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

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

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

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    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 Tag Archives: IAIS

Tag Archives: IAIS

FEATURED INDUSTRY NEWS Legislation/Regulation P&C WRIN.tv Newswire

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

Chuck Chamness, President and CEO of the National Association of Mutual Insurance Companies (NAMIC), says the industry can take a victory lap after renewal of the Terrorism and Risk Insurance Act (TRIA) for seven years. Social Inflation and “nuclear verdicts” are on everyone’s mind now, according to Mr. Chamness, and NAMIC is studying the causes and potential solutions to judgments …

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FEATURED INDUSTRY NEWS Markets

Mutuals have opportunities vs. competitors, despite challenges – NAMIC CEO

WRIN.tv spoke with NAMIC President and CEO Chuck Chamness during the Annual Convention of the National Association Mutual Insurance Companies in Vancouver. Mr. Chamness sees the creep of international regulation and technology among the issues facing mutual, and all insurers today. Technologies, he says, can provide ways for Mutuals to stay in touch with the customers…to help policyholders feel part …

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Tom-Lenoardi-Evercore
Legislation/Regulation

Unintended consequences of insurance regulation and U.S. regulatory goals going forward

In a speech during the IIS Global Insurance at the United Nations, former Connecticut Insurance commissioner and Senior Advisor at Evercore Tom Leonardi, discussed unintended consequences form some insurance regulation. He says Market Consistent Valuation, for instance, will hurt long-term investment strategies, long-term insurance products. WRIN.tv speaks with Tom Leonardi, a Senior Advisor at Evercore and former Connecticut Insurance commissioner, …

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meg-mulry-am-best
Companies INDUSTRY NEWS Legislation/Regulation Recent Stories

A.M. Best cautious of impact from International Capital Standards.

In highlights from the First Monday series, A.M. Best’s Senior Economist Meg Mulry looks at development of international capital standards (ICS) by the International Association of Insurance Supervisors (IAIS), and the timeframe for adoption. Ms. Mulry notes that the Financial Stability Board (FSB) and the IAIS have identified nine insurance companies that are deemed systemically important. She says the regulators …

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Monday Morning Headlines
Homeowner/Renter/Auto INDUSTRY NEWS Legislation/Regulation People Recent Stories

Monday Morning Headlines: February 23, 2015

WRIN.tv’s Monday Morning Headlines, compiled by SNL Insurance, is a video digest of the news you need to know about the U.S. Insurance industry. Today’s Monday Morning Headlines: Cincinnati Insurance Co. criticizes IAIS capital standards California Insurance Dept. warns insurers against price optimization FEMA steps in on allegations vs. insurers over Sandy claims Progressive posts first increase in agency auto …

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Cincinnati Insurance Co. criticizes IAIS capital standards
Legislation/Regulation

Cincinnati Insurance Co. criticizes IAIS capital standards.

Cincinnati Insurance Company leveled a full-throated criticism of IAIS standards being proposed for internationally active insurance groups. The insurer said there seems to be “wide consensus” that the insurance capital standards could eventually be imposed on all U.S. domestic insurers – whether they are internationally active or not.

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Lee-Ann-Pusey, AIA
Legislation/Regulation

IAIS and Team USA (w/Fed, Treasury and NAIC) work toward global capital standards

The International Association of Insurance Supervisors (IAIS) has published several documents receiving a lot of attention in the insurance industry. In December, the IAIS published its “Market” report. According to Leigh Ann Pusey, President & CEO of the American Insurance Association (AIA), the report did not contain many surprises.  The IAIS put forth a “stable” outlook while acknowledging challenges, such …

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NAMIC focused on making international (IAIS) capital standards tolerable
Homeowner/Renter/Auto Legislation/Regulation

NAMIC focused on making international (IAIS) capital standards tolerable

WRIN.tv spoke with Chuck Chamness, President and CEO of the National Association of Mutual Insurers, during the recent Joint Industry Forum in New York. We asked him how Mutuals faired in 2014, and for his comments on international regulatory standards, tort reform, and other issues such as the HUD Disparate Impact Standard. NAMIC is very concerned about international capital standards. …

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