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).
Industry
AM Best Webinar: Closing the Flood Insurance Coverage Gap
Jul 29, 2021 / by AAIS posted in Personal Lines, Issues & Trends, Homeowners, Climate Change, P&C Insurers, Industry, Data, Insurance Line of Business, Flood Insurance, AM Best, munich re, flood, AAIS Views
Cannabis Insurance…The Challenges and Opportunities for Insurers
May 19, 2021 / by AAIS posted in New/Emerging Risks, Cannabis, CannaBOP, Commercial Lines, Industry
The burgeoning cannabis market is creating pressure on the insurance industry to develop products that address risks emerging from increased legalization. AAIS Commercial Lines Product Manager Joe Jonas shared his insights on the market during the 2021 Business Insurance Cannabis Update. Mr. Jonas was joined by Charles Pyfrom, CMO at CannGen Insurance, and host Gerrit Nagarwalla, CPCU from Canopius, for a discussion on ‘Claims, Policy & Underwriting.’
NAIC Perspectives on Diversity, Equity and Inclusion
Apr 19, 2021 / by AAIS posted in Insurance, Regulatory/Compliance, Working in Insurance, Industry, AAIS Pulse, NAIC, Regulators, AAIS Views, DEI
The April 13 episode of AAIS Pulse featured a frank discussion on diversity, equity and inclusion in corporate American, the insurance industry, and society at large, as seen through the lens of leaders in insurance regulation.
AAIS’s El Cid Balitaan was joined by Chlora Lindley-Myers, Director of the Missouri Department of Commerce and VP of the Insurance and National Association Of Insurance Commissioners (NAIC), and Commissioner Andrew Mais of the Connecticut Insurance Department, who is Secretary Treasurer of the NAIC.
Capitol Outlook with Faegre Drinker Partner Patrick Hughes
Mar 3, 2021 / by AAIS posted in Insights, Issues & Trends, Insurance News/Current Events, COVID-19, Regulatory/Compliance, Industry, Legislation & Regulation, AAIS Pulse, Compliance, Government, Faegre Drinker, AAIS Views, GLC
During the February 2021 AAIS Pulse newsmagazine, AAIS VP and General Counsel Robin Westcott was joined by Faegre Drinker Partner Patrick Hughes to examine the impact of the Biden Administration and recent legislative actions on the insurance industry.
AAIS Program Named Elite 50 Internship
Feb 23, 2021 / by AAIS posted in Community, Insurance News/Current Events, COVID-19, AAIS Culture, Industry, AAIS News & Views, Leadership, AAIS Views
When COVID-19 hit, not only did it wreak havoc on the job market, but on internship programs as well. Thousands of programs were terminated, as organizations scrambled to adjust to the pandemic and remote workforce. AAIS was one organization that kept its internship programs humming along remotely. Its commitment to continuing its quality internship program earned AAIS recognition when it was named to the Rising Insurance Star Executives (RISE) list of Elite 50 Internships.
Webinar Spotlights New Approach to Non-Cat Fire Modeling
Feb 23, 2021 / by AAIS posted in Technology, Data & Technology, Insurance News/Current Events, IoT, New/Emerging Risks, Industry, Data, Fire, Innovation, AAIS News & Views, Data/Tech, Risk, AAIS Views, risk mitigation, AAIS FLAMES
In an AAIS Webinar, FLAMES: The Modern Fire Protection Evaluation Model, AAIS Vice President Phil LeGrone, and AAIS Senior Risk Strategy Lead Matt Hinds-Aldrich, PhD, outlined the new fire model, FLAMES, and the advantages it offers over traditional models for underwriters assessing and managing non-cat fire risk.
Pandemic Resource Center Delivers Litigation Data & Insights
Feb 23, 2021 / by AAIS posted in Technology, Data & Technology, Insurance News/Current Events, COVID-19, Tech News, IoT, Industry, Data, Business, Legislation & Regulation, Innovation, AAIS News & Views, Data/Tech, Regulation, Digitization, Business Interruption, AAIS Views, GLC, Litigation, COVID-19 Resource Center
For more than a year, COVID-19 has impacted the lives of millions, leaving a path of destruction in its wake. With more than 25 million cases in the US, nearly half a million dead, countless businesses closed and millions of people jobless without financial security, no one has been left unscathed. It has also raised significant issues for the insurance industry, particularly spurred by Business Interruption-related questions and litigation.
Into the Weeds: Cannabis Insurance and the Industry Landscape
Jan 6, 2021 / by AAIS posted in Community, Issues & Trends, COVID-19, Regulatory/Compliance, Cannabis, CannaBOP, Commercial Lines, Industry, Legislation & Regulation, AAIS Insights, AAIS Pulse, pandemic, Aon, Porter Wright Morris & Arthur, AAIS Views, GLC
The COVID-19 pandemic has had lasting impacts on industries far and wide…including the growing cannabis industry. In the inaugural edition of the AAIS Pulse, AAIS’s Joe Jonas and Phil Skaggs were joined by Porter Wright Morris & Arthur LLP’s Randi Ellias and Aon’s Richard Golz to discuss cannabis insurance trends, including the impact the pandemic has had on its expansion.
The Open Road…to the Future of Insurance
Dec 28, 2020 / by AAIS posted in Community, Issues & Trends, Data & Technology, Data Management/Distributed Ledger, Industry Associations, Insurance Operations, P&C Insurers, Industry, AAIS Insights, membership
Insurance is not a new industry. Insurers have been offering coverage to United States businesses since the Declaration of Independence. But the role of advisory organizations within the U.S. insurance industry has evolved over time…and at AAIS, we’re evolving with it.
A Community Minded AAIS Membership
Dec 28, 2020 / by AAIS posted in openIDL, Community, Technology, Industry Associations, P&C Insurers, Industry, AAIS Insights, membership, AAIS Views, All Access Membership
From neighborhoods and schools to clubs and teams, communities are important. Communities come in many forms, and nearly everyone is a part of at least one. When our Members join AAIS, they are welcomed into a mutually beneficial community of practice, all focused on transparency, collaboration, and cooperation.