The National Association of Mutual Insurers (NAMIC) held its 2023 Annual Convention on September 17-20 in National Harbor, Maryland. During the convention, AAIS sat down with Brian O’Larte, Director of Ratings Analytics at AM Best, and Lauren Magro, Financial Analyst at AM Best, to discuss CAT losses and reinsurance, the importance of company size in the mutual market, strategies to address the market, rating implications for mutuals, and more.

At the 2022 NAMIC Annual Convention, AAIS sat down with AM Best President and CEO Matthew Mosher to discuss industry issues and trends, their impacts on 2023 strategies, his advice for insurers, and more.

Flood insurance has long been primarily administered by the National Flood Insurance Program (NFIP), which has 5.1 million policies in force. But the landscape for flood insurance – and who needs it – is changing. This was the topic of an AM Best webinar that included Linda Jancik, AAIS Personal Lines Product Manager, Serena Garrahan, Vice President, Inland Flood Product Manager at Munich Re US, and Rob Olson, Senior Research Analyst at International Risk Management Institute (IRMI).

This year, the COVID-19 pandemic changed the world. Storefronts and restaurants were shuttered; jobs were lost; many became ill, and most companies had to quickly adjust to a new, remote working environment. The effects of the pandemic are pervasive, and will have a lasting impact on families, communities, businesses, and the country for years to come.