P&C Insurers

AM Best Webinar: Closing the Flood Insurance Coverage Gap

Jul 29, 2021 / by AAIS posted in Personal Lines, Issues & Trends, Homeowners, P&C Insurers, Industry, Flood Insurance, AM Best, munich re, flood

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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).

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Business Interruption Was Never Intended To Cover Pandemic Losses

Jul 26, 2021 / by AAIS posted in Issues & Trends, COVID-19, P&C Insurers, pandemic, Business Interruption

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While the U.S. economy slowly returns to normal following the COVID-19 pandemic, the insurance industry continues to grapple with business interruption claims, court battles and the future of pandemic-related insurance. In Part I of a two-part Advisory Report, Nicole Milos, Assistant Counsel at AAIS, explains why BI policies were never meant to cover losses from pandemics.

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Cyber Insurance: Where are we now?

May 21, 2021 / by AAIS posted in Personal Lines, Issues & Trends, Cyber, New/Emerging Risks, P&C Insurers, Berkley Re

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During the height of the COVID pandemic, Berkley Re Solutions’ Jeff Cron joined AAIS for a an AAIS Pulse session looking at ‘Cyber Crime: The Online Home Invasion.’   "We’re all online more, seeing content, and clicking links to different articles, videos, and other forms of media. While the actual risk hasn’t changed, volume has magnified, with more scams and more screen time.”

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A Modern Membership: The Pathway to the Future of Insurance

Feb 10, 2021 / by AAIS posted in Community, Insurance News/Current Events, P&C Insurers, membership, Benefits

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At AAIS, we are focused on delivering a Member experience that reflects the changing nature of insurance and the shifting needs of our Members as well as the insurance community. Our Members have expressed concerns about the value delivered by antiquated advisory models. Now, we’re responding with an innovative new approach to advisory services…our All Access Advisory Membership.  

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Cyber Insurance Starting to Find A Practical Footing

Jan 28, 2021 / by AAIS posted in Personal Lines, Community, Issues & Trends, IoT, Homeowners, Cyber, New/Emerging Risks, P&C Insurers, Cyber Fortress, Berkley Re, CyberPolicy, AAIS Views

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Imagine this: You’re working from home, like many others during the COVID-19 pandemic. Your children are also home, remote learning. One of your kids falls prey to malware, infecting your entire network with a virus. Your at-home business’s website is shut down for eight hours. You sigh a breath of relief, thankful that your insurance will cover the costs… or does it?

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How AAIS's Expertise in Remote Work can be Applied to Remote Learning

Jan 15, 2021 / by AAIS posted in Community, Insurance News/Current Events, AAIS Culture, P&C Insurers, Remote Work

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COVID-19 has caused an abundance of challenges for businesses everywhere. With protective restrictions, nonessential businesses were forced to send employees home and, in many cases, shut down due to the threat of the rapidly spreading virus. These businesses deemed "nonessential," however, are essential to the livelihoods of many, leaving businesses in a state of panic. How were they to continue when they couldn't remain open? Many businesses that could feasibly function as a remote workforce have attempted the transition, and as COVID-19's threats persist, many schools have made the decision as well.

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Tracking CATs and Taming Risk

Jan 7, 2021 / by AAIS posted in Community, Technology, Issues & Trends, Data & Technology, Insurance News/Current Events, New/Emerging Risks, P&C Insurers, Data, AAIS Insights, AAIS Pulse, Underwriting, Modeling/Actuarial, Risk, Analytics Insurance

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In August 2020, AAIS introduced its new Risk Awareness Service (RAS), a digital resource center tracking catastrophic risk and providing risk information in real time. At the inaugural AAIS Pulse Newsmagazine, AAIS VP Data and Actuarial Services Phil LeGrone described the Risk Awareness Service, its goals, and the value it can provide insurance carriers and the customers they serve. He also welcomed Jeff Waters, a Senior Product Manager at Risk Management Solutions (RMS), the leading modeling firms, to add his perspective on emerging modeling approaches and tools.

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AAIS Makes the Insurance Workplace Modern

Dec 29, 2020 / by AAIS posted in Community, Issues & Trends, Industry Associations, Insurance Operations, Working in Insurance, P&C Insurers, AAIS News & Views, AAIS Insights, Remote Work, Executive

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If you ask anyone working in insurance how they got into the field, they'll tell you two things: that they didn't grow up wanting to be in insurance and that they "fell into it."          

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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

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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.

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A Community Minded AAIS Membership

Dec 28, 2020 / by AAIS posted in Community, Industry Associations, P&C Insurers, Industry, AAIS Insights, membership

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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.

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