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 … Read More
COMMERCIAL RISK EMERGING TRENDS FEATURED Homeowner/Renter/Auto P&C Recent Stories WRIN.tv Newswire Climate Change Affecting Insured Losses, but Hard to Quantify – Dr. Klotzbach, Colorado State University. There were significant insured losses from natural disasters in 2019, according to Dr. Phil Klotzbach, a research scientist in the Department of Atmospheric Science at Colorado State University (CSU). While there $45 billion in losses reported, it is difficult to say home much is that was driven by climate change. Still, climate change is affecting occurences of flood, wildfires and … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation P&C Recent Stories WRIN.tv Newswire “Still Opportunities to Get Things Done Despite Dysfunctional US Government” – APCIA CEO David Sampson, president and CEO of the American Property Casualty Insurance Association (APCIA), discusses the current state of the “dysfunctional, hyper partisan” U.S. government, and that there is little on the horizon that suggests polarization will end any time soon. Still, Mr. Sampson points to several successes over the past year, including the reauthorization of TRIA (Terrorism Risk Insurance Act). … Read More
EMERGING TRENDS Legislation/Regulation National Flood & TRIA Remain Top Legislative Issues in New Congress – NAMIC CEO Chuck Chamness, CEO of the National Association of Mutual Insurance Companies (NAMIC), discusses the challenges of working with a new Congress. He notes that there several major issues to address with the House Financial Services Committee, Senate Banking and the Trump Administration such as the National Flood Insurance Program (NFIP) and the Terror Risk Insurance Act (TRIA). Mr. Chamness points … Read More
FEATURED RIMS report provides guidance on Political Risk With the violence that continues to be inflicted by ISIS, political turmoil in Argentina and Brazil, and Brexit shaking up the EU, predictions of global instability appear to be accurate. A new RIMS Executive Report entitled Decoding Political Risk Management, provides risk managers with a guide to tackling political risk. The report explores top concerns for global organizations including the characteristics of … Read More
FEATURED INDUSTRY NEWS P&C Recent Stories Specialty Lines WEF: Global Risks more interconnected…more imminent The Global Risks Report 2016, published by the World Economic Forum and its Global Competitiveness and Risks Team, draws attention to ways that global risks may evolve and interact in the next decade. The 11th edition of the report includes perspectives from nearly 750 experts regarding the impact and likelihood of prevalent global risks, including economic risk, environmental, geopolitical, societal … Read More
