AM Best TV & Radio
PLUS Symposium and Loss Creep
AMBestTV reports on issues discussed at the Professional Liability Underwriters Society’s D&O Symposium in New York and Artemis ILS New York event, in addition to offering AM Best Rating Services insights. Loss creep and reserve charges were common topics.
Kristin Kraeger
On Demand
Attendees to the 2020 PLUS D&O Symposium in New York said the fallout from cyber- and ransomware-related incidents increasingly includes lawsuits and other issues that could trigger coverage under directors and officers policies. At the conference, Kristin Kraeger, managing director at Aon, discussed how cyber is now a D&O risk.
David Blades
Sexual harassment claims typically trigger employment practices liability insurance, but are now spreading to directors and officers insurance, said attendees at the PLUS Symposium in New York. David Blades, associate director, AM Best Rating Services, discussed the subject with AMBestTV.
Brad Adderley
Insurance-linked securities experts gathered at the Artemis ILS NYC 2020 conference, including attendee Brad Adderley, are optimistic that the market will see an uptick in ILS issuance in 2020, despite trapped capital and natural catastrophe loss creep.
Emmanuel Modu
Loss creep is impacting the ILS market both with higher losses and trapped capital, said Emmanuel Modu, managing director, AM Best Rating Services, at the Artemis ILS NYC 2020 conference in New York.
Stefan Holzberger
Property/casualty insurers could be in the early days of ongoing reserve charges and deficiencies across the market, said Stefan Holzberger, AM Best Rating Services' chief operating officer.
Michelle Baurkot
Florida property insurers are facing loss creep and rising reinsurance rates, said AM Best Rating Services Director Michelle Baurkot and Senior Financial Analyst Chris Draghi.
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Cyber Covering Emerging Risks and SaaS Issues
Industry experts talk with AMBestRadio about how the claims process has become faster and the ins and outs of SaaS.
Kelly Castriotta, regional head of product development for financial lines, Allianz Global Corporate &Specialty, discusses how underwriting and products are changing to keep up with the risks that cyberattacks are creating.
Chuck Ruzika, vice president of research and consulting for Novarica, discusses how Software as a Service (SaaS) relationships are complex, long-lasting and often require more adaptability on the part of CIOs than traditional software purchases.
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