For the inland marine market, business is good…and emerging technology, new educational opportunities and growth in the construction market all point to a strong year ahead. In this AAIS Advisory Report, AAIS President and CEO Ed Kelly speaks with Kevin O’Brien, President & CEO of IMUA, as well as Rich Soja, the Global Head of Inland Marine at Allianz Global Corporate …

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 …

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 …

With recent earthquake activity in the Pacific and new reports on major risks of loss in North America, insurers are taking note of an exposure that could have devastating consequences. According to Dr. Robert Muir-Wood, RMS Chief Research Officer, the November 22 earthquake off the coast of Sendai, Japan is probably another aftershock triggered by the Tohoku quake in March …

HIGHLIGHTS The insurance industry is estimating $3.6 billion in claims, including $2.4 billion in personal property and $1.2 billion in commercial and industrial payments. The increased economic activity generated by the rebuilding effort will peak with the creation of almost 9,000 jobs next year. The fires reduced oil production by an estimated 47 million barrels in May and June, worth …