Tom Iorio, executive vice president, Nationwide, said outsized verdicts can drive other insureds to seek earlier settlements, which in turn can encourage additional litigation. Iorio spoke with AM Best TV at RIMS' Riskworld, held in Atlanta.
May 1, 2023
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Aspen's Savory: Casualty Underwriters Must Consider Legal Jurisdictions
Sompo's Grabek: Risk Managers Seek Consistent International Coverage
AI Panel: Insurers Must Keep Control of Their Data
Emerging Risk Panel: Labor Shortages, Aging Infrastructure Are Key Concerns
CEO Panel: Climate, Net Zero High on List of Clients’ Risk Concerns
Gamma Iota Sigma Students: Insurance Is a Learning Profession
Liberty Mutual's Bhatnagar: Underwriters Should Focus on Risk, Not Investment Income
QBE North America's Jones: AI Brings New Capabilities and Risks to Insurers
Munich Re’s Parisi: Data-Driven Underwriting Key to Sustainable Cyber Market
CSAA’s Daryanani: Product Liability a Main Concern for Adjusters Responding to Driverless Vehicle Incidents
Kroll's Fuller and Flemming: Insurers Should Align Coverage With Property Valuations
Capitola's Sivan: Insurers Must Improve Broker-Underwriter Communications
Hartford Financial's Scott: Auto Is Just the Start for Usage-Based Insurance
Panel: Handling Claims Is a Collaborative Function
Panel: Future of Insurance Distribution Driven by Data, Access to C-Suite
Nationwide's Iorio: Nuclear Verdicts Promote a Dangerous Settlement Cycle
Terrorism Panel: Terror, Active Assailant Coverages Continue to Evolve
St. Joseph's Students at RIMS See Multiple Paths to Risk Careers
Panel on Embedded Insurance: Connections Between Carriers, Distributors Becoming Seamless
Travelers Institute's Woodward: Insurers Should Offer Distracted Driving Policies
Hub's Treanor: The Path to Effective AI Is Paved With Quality Data
Bermuda Delegation: Summit Will Showcase Risk Solutions for Climate Issues
Gallagher's Farley: The Metaverse Could Be Considered a 'Risk Hellscape'
Rhoads' Yu: Compliance Operations Can Be a Value Creator
RIMS' Santiago: The C-Suite Should Include Risk Managers
CAC's Rice: Influx of Entrants Leads to Softer D&O Pricing
Marsh's Stransky: Active Directory Hardening Reduces Likelihood of Cyberhacking
Allianz' Sayce: ChatGPT, AI Widen Opportunities for Less-Skilled Hackers
Customer Experience Panel: Insurers Must Adapt to Digital Natives
