AM BEST'S MONTHLY INSURANCE MAGAZINE
CATASTROPHES
Winds of Change: Derechos, Snowstorms and Other Catastrophes Are Becoming a Growing Problem for Insurers
This year’s deep freeze in Texas and last year’s derecho in the Midwest have gotten insurers talking about and moving toward better modeling, risk selection and pricing.
- Lori Chordas
- June 2021
CATASTROPHES
Hail, Wind and Fire: Extreme Weather Drives Up Rates for Renewable Energy Insurance
Insurers also are increasing deductibles and placing sublimits in policies.
- Marie Suszynski
- June 2021
CATASTROPHES
A Framework to Assess the Role of Insurance in Future Pandemics
Insurers must establish a dialogue with policymakers to manage the risks of impending contagions.
- Howard Kunreuther and Jason Schupp
- June 2021
CATASTROPHES
Guy Carpenter: Community-Based Catastrophe Insurance Can Close Protection Gap
Andy Read, public sector practice vice president, also said this innovative cover can help local governments provide affordable policies to residents.
- John Weber
- June 2021
GREENING OF ASSET MANAGEMENT
Asset Managers See Rising Insurer Interest in Values-Based Investing
The push comes from a wide range of constituencies—the C-suite, shareholders, bondholders, employees, regulators and rating agencies.
- John Weber and Staff
- June 2021
ASSET MANAGEMENT
Insurers Scrambling to Switch Benchmarks Used for Setting Short-Term Interest Rates of Investments and Debt
The impending LIBOR cessation has forced a major shift for entities used to the London Interbank Offered Rate, which has been the standard since 1986.
- Terrence Dopp
- June 2021
LIFE INSURANCE
US Tax Changes Could Make Life Insurance More Popular
Changes to Section 7702 of the IRS tax code allow life insurance policyholders to squirrel away more cash at lower death benefits, effectively transforming policies into retirement vehicles in addition to, or instead of, protection.
- Terrence Dopp
- June 2021
INDUSTRY EVENTS
Conference Organizers Say Live Events Could Resume in Fall
Many industry leaders welcome a return to in-person networking and in some cases, international travel to meetings.
- Renée Kiriluk-Hill
- June 2021
TECHNOLOGY
The (Opt) Ins and Outs of Embedded Finance
Piggybacking is an effective way to reduce customer acquisition costs, but picking the right strategy and partner is a critical first step.
- Caribou Honig
- June 2021
NEXT WAVE
Four Ways to Tout Insurance Careers and Recruit Talent
Connecting with elementary, high school and higher ed students can help companies find potential employees or at least inspire some to pursue a path in the industry.
- Carly Burnham
- June 2021
AT LARGE
Insurers and Government Partners Can Work Together to Facilitate a Green Future
Reducing greenhouse gases and insuring at-risk communities can mitigate climate change.
- Tony Kuczinski
- June 2021
FROM THE EDITOR'S DESK
Catastrophes Generate Surprise Losses, Damage Renewable Energy Projects
This month’s issue also includes coverage of the LIBOR cessation, the outlook for fall events and the role of insurance in future pandemics.
- Patricia Vowinkel
- June 2021
CARIBBEAN INSURERS
New Trinidad & Tobago Insurance Rules Finally Implemented in 2021
New rules take effect a decade after they were proposed.
- June 2021
TECHNOLOGY
Property/Casualty Carriers Invest in Bitcoin Services Company NYDIG
Outgoing TransRe CEO appointed to lead insurance segment.
- Renée Kiriluk-Hill
- June 2021
WHAT AM BEST SAYS
AM Best: Rise in Litigation Complicates Improving Directors and Officers Market
The sector’s profitability has been particularly hit from lawsuits related to the COVID-19 pandemic and social issues, said Sridhar Manyem, director, industry research and analytics, AM Best.
- David Pilla
- June 2021
EXECUTIVE CHANGES
Axa Veteran Breitburd Takes the Reins at Lloyd’s Europe as CEO Steps Down
Also, Indiana’s longest-serving insurance commissioner leaves, and Gary Gensler is confirmed as head of the Securities and Exchange Commission.
- June 2021
INSURANCE MARKETING
Seasons of Change: The Rise of a Corporate Rebrand and a Renewed Partnership
Marsh McLennan has a new look, and AIA Singapore continues its sponsorship of men’s soccer for two more seasons.
- Lori Chordas
- June 2021
THE LAST WORD
Professional Sports Teams Move Off the Field and Into the Courtroom Over COVID-19 Claims
Lost revenue caused by pandemic-related shutdowns has sparked a rise in litigation against insurers over the failure to pay for business interruption losses.
- Lori Chordas
- June 2021
BOOK STORE
Author Finds New Technologies, Startups ‘Amazing’ and Full of Possibilities
Rob Galbraith’s book also addresses changing customer expectations and the demands of a millennial workforce.
- Meg Green
- June 2021
APP STORE
App Helps Resolve Personal Injury Claims Efficiently, Without Going to Court
PainWorth researches relevant case law to find comparable judgments, said CEO and co-founder Mike Zouhri.
- Meg Green
- June 2021
INDUSTRY UPDATES
Property Insurers in Florida Are Pulling Back and Hiking Rates as Litigation Costs Surge
Carriers say Florida laws are tilted in trial lawyers’ favor, despite attorney fee limits in the 2019 reform of its Assignment of Benefits law.
- Timothy Darragh
- June 2021
WHAT READERS SAY
We Shouldn’t Rush Back to Pre-COVID Office Life
A reader shares his thoughts on how COVID-19 was “an unplanned catalyst of change for those in the office workspace.”
- June 2021
AM BEST TV & AUDIO
III: Retrofitting Buildings to Withstand Earthquakes Can Save Lives and Reduce Claims
Also, industry professionals discuss venture capital in insurtech and how most HVAC claims can be settled via repair instead of replacement.
- June 2021
CORPORATE CHANGES
Name Changes, Mergers and Acquisitions, and State Action
GuideOne and Cigna Life among the U.S. insurers that saw a corporate change.
- June 2021
TRENDING: BEST'S RESEARCH
Trending Research Includes a Report on Delegated Underwriting Authority Enterprises
AM Best also comments on P/C and Life/Annuity industries as well as insurer defined benefit plans and the insurance markets in Mexico and Trinidad & Tobago.
- June 2021
AM BEST WEBINARS
How to Minimize Difficulty and Better Understand Regulatory Filing Responsibilities
Professionals also discuss flood risk and how a better set of data tools is necessary for commercial underwriters to compete effectively.
- June 2021
Most Read
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