A.M. BestTV: Preparedness Experts: Reduce the Risk, Not the Rate

OLDWICK, N.J.--()--In this A.M.BestTV episode from the RenaissanceRe New York Recovery & Resilience Leadership Forum in New York City, speakers said their biggest challenges are making people aware of the critical need to prepare for possible natural disasters. Click on http://www.ambest.com/v.asp?v=nyresilience616 to view the entire program.

Steve Weinstein, chairman, risk science foundation, RenaissanceRe, spoke about the goal of the forum.

“What we hope to accomplish is to bring leaders together to share their understandings, views and best thoughts as to how our most disaster-exposed communities can be more resilient,” said Weinstein.

The main topics at this year’s forum were complacency and flood insurance.

“The role, I think, government should be playing is to do much more on the (flood) preventative side, trying to encourage communities to invest more in natural resources investmentsthings like the wetlands and the dunes that are going to protect those communities,” said Collin O’Mara, chief executive officer and president, National Wildlife Federation. “Having better building codes, and really making those investments that are going to make people safer, rather than worrying about paying out on the back end.”

Other people who appear in this episode include:

  • John Huff, president, National Association of Insurance Commissioners;
  • Julie Rochman, president and chief executive officer, Insurance Institute for Business & Home Safety;
  • Michael Dunkley, premier, Bermuda; and
  • Jenn Fogel-Bublick, partner, Capital Counsel LLC.

Full-length interviews are available as well. Go to http://www.ambest.tv to see all the interviews.

Recent episodes of A.M.BestTV include:

  • The National Association of Independent Insurance Adjusters Conference: Converging Forces Are Reshaping Claims Sector: At the annual NAIIA Conference, insurance adjusters said consolidation, shortened time requirements and new technological capabilities are bringing rapid change to their sector: http://www.ambest.com/v.asp?v=naiia3616nc.
  • The National Association of Independent Insurance Adjusters Conference: Technology is Both Enabling and Upending Insurance Adjusting At the annual NAIIA Conference, insurance adjusters said advances such as mobile technology and drones allow them to work faster and smarter, but technology is also replacing tasks formerly performed by adjusters: http://www.ambest.com/v.asp?v=naiia1616nc.
  • The Bermuda Captive Conference: Insurers Look to Captives to Help Close Protection Gap: At the annual Bermuda Captive Conference, organizers of insurance programs said forming insurance captives in less-developed areas of Africa, Central America and the Caribbean is a key element to their operations: http://www.ambest.com/v.asp?v=bcc3616nc.
  • Global Insurance Forum in Singapore: Regulators Shaping Asian Markets, Responding to Technology: At the annual Global Insurance Forum, organized by the IIS, attendees said regulators in some domiciles are helping to enable new technological capabilities and in other markets, such as China, actively reshaping the market: http://www.ambest.com/v.asp?v=iis3616nc.

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

Copyright © 2016 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

A.M. Best
Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com

Contacts

A.M. Best
Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com