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 Neil Alldredge, President & CEO of NAMIC, to discuss the biggest challenges facing the industry, how mutual insurers are overcoming these challenges, current legislation/regulation concerns, what’s on the horizon at NAMIC, and more.
Legislation & Regulation
For this Advisory Report, AAIS spoke with Norm Orlowski, President and CEO ofErie and Niagara Insurance Association (ENIA) and Treasurer of the New York Insurance Association (NYIA), ahead of the NYIA 2023 Annual Conference. He discussed the biggest challenges facing the U.S. market, the legislation and regulation issues ENIA is watching, and what to look forward to at this year’s Annual Conference.
In the AAIS Pulse session Commissioner’s Corner: Catching Up with National & State Insurance Regulators, host Lori Dreaver Munn, Director of Compliance and Government Relations at AAIS spoke with multiple leading regulators for their insights on trending regulatory topics including Chlora Lindley-Myers, Director of the Missouri Department of Commerce and Insurance and NAIC President. In this interview, Lindley-Myers discussed her approach going into this year’s presidency, initiatives currently underway for 2023, progress in the area of Diversity, Equity, and Inclusion (DEI) in the insurance industry, and more.
The Economy/Inflation, Talent Acquisition and Litigation Top Concerns; Integrity, Security and Accuracy Lead Priorities for Data/Technology
Throughout 2022, AAIS conducted several surveys from a cross-section of insurance professionals, many associated with insurance industry events. What emerged from these various surveys was a view of the top issues and concerns facing the industry as well as the priorities placed on data and technology initiatives. This summary presents the aggregated results of those surveys. We trust this information is useful for AAIS Members and other industry stakeholders as a catalyst for discussions surrounding the development of solutions for the most pressing issues that lie ahead.
In this AAIS Market Report, Chair, President and CEO of Greater New York Mutual Elizabeth Heck discusses challenges to the insurance industry in the U.S. and New York.
In this AAIS Market Report, Merchants Insurance Group President, and New York Insurance Association (NYIA) Chair, Charles Makey, discusses issues and challenges facing the U.S. and New York insurance markets, including legislation, regulation, and much more.
In this AAIS Market Report, New York Insurance Association (NYIA) President Ellen Melchionni discusses issues and challenges facing the U.S. and New York insurance markets, legislation and regulation, and much more.
Litigation Tops Capital and Nat CAT Concerns
AAIS, a sponsor of the 2022 Florida Insurance Market Summit held March 21st to 23rd, polled attendees pre-event to understand what they perceive as the most pressing issues affecting the Florida market and the overall insurance industry.
Regulation plays an outsized role in the development of the auto insurance sector. Since the beginning of the pandemic, we have seen an even higher than usual impact from wild fluctuations in rates, claims, premiums, and consumer reimbursements, to activities impacting the industry itself.
The AAIS Pulse newsmagazine recently featured discussions with Mississippi Insurance Commissioner Mike Chaney and Connecticut Insurance Department Asst. Deputy Commissioner, Property & Casualty Division, George Bradner. They sat down with AAIS VP of Government Affairs, Legal, and Compliance, Robin Westcott, to cover a wide array of topics including data collection, data management, openIDL and its benefits, machine learning, and much more.