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 …

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 …