A.M.BestTV: The Surprising, Wider Impacts of Natural Catastrophes

OLDWICK, N.J.--()--This A.M.BestTV episode examines a recent Best’s Review webinar where a panel of insurance and catastrophe experts describe how new modeling techniques and research into catastrophes demonstrates them having a deeper, longer-lasting impact on systems and infrastructures than previously believed.

Nadine Silva, executive vice president, property division executive at Lexington Insurance Company focuses on what lines of commercial insurance have been most impacted by natural catastrophes over the last 12-18 months and what the effects have been. “Generally speaking, property, commercial property, personal property, business income and the marine market have been involved in catastrophe insurance for some time,” said Silva. “However, although there has been activity, it has not been to the extent that occurred in the prior 10-year period.”

Kate Ascher, principal at Happold Consulting spoke about the many lessons learned from Superstorm Sandy and Sept. 11. “We tend to think that energy is at one location, transportation at another and telecommunications at another,” said Ascher. “Yet, the fact is all infrastructures are interlocked and when one goes, all go. As such, we have to work on how to separate them without destroying their capabilities.”

Also appearing in this episode is:

  • Laurie Johnson, principal at Laurie Johnson Consulting

Click here to view the entire video program: http://www.ambest.com/v.asp?v=cats1214.

To view the webinar in its entirety, please visit http://www.bestreview.com/webinars/cats14.

Recent episodes of A.M.BestTV include:

  • China's Surging Insurance Sector Faces New Challenges: Chinese leaders have set aggressive growth targets for their insurance sectors by 2020, a prospect that has insurers and reinsurers focused on maintaining capital standards in the expanding market: http://www.ambest.com/v.asp?v=china1214.
  • “First Monday”— Analysts Discuss Top-Heavy U.S. Life Reinsurance Market; Residual Market Trends; Negative Nonstandard Auto Pressures: "First Monday" explores how the U.S. life reinsurance market sees further consolidation, how use of the capital markets by U.S. insurers transfers risk as coastal exposures grow and continue to expand and how smaller U.S. regional and single-state writers of private passenger nonstandard auto policies are struggling to maintain market share: http://www.ambest.com/v.asp?v=firstmonday1214.
  • Connected Homes Link Insurers to Opportunity: Insurers are encouraging policyholders to take advantage of smart technology to underwrite, monitor and reduce losses at homes and businesses, but tech advances could bring new risks and competitors. This is from the cover article that originally appeared in Best’s Review: http://www.ambest.com/v.asp?v=homes1114.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best Company
Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com

Contacts

A.M. Best Company
Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com