OLDWICK, N.J.--(BUSINESS WIRE)--In release dated October 4, 2017, the quote in the third paragraph should be attributed to Steven Linkous, president and chief executive officer, Hartford Mutual Insurance Company (instead of Munich Re America, Inc.).
The corrected release reads:
A.M. BestTV: REGULATION A HURDLE TO INNOVATION AND GROWING BURDEN TO MUTUALS, SAY EXECS
In this A.M.BestTV episode from the National Association of Mutual Insurance Companies (NAMIC) Convention, Denver, CO, executives said new standards for corporate governance, cybersecurity and international compliance are consuming more of their attention. Click on http://www.ambest.com/v.asp?v=namic4917 to view the entire program.
At this year’s convention, regulatory shifts are the hot topic.
“One of the biggest issues is the continued expansion on an international level of regulatory changes,” said Steven Linkous, president and chief executive officer, Hartford Mutual Insurance Company. “Although mutuals tend to be on a much smaller scale, these regulations ultimately trickle down and companies are impacted by them. Consequently, companies are looking to NAMIC to make sure it is defending its members from overly regulatory reaches, because ultimately it will cost us money and we can’t build and extend resources to our policyholders.”
For full coverage and exclusive executive interviews from the NAMIC convention, visit http://www.ambest.tv/namic17.
Other people that appear in this episode:
- Tim Sullivan, president and chief executive officer, NAMIC Insurance Company;
- Neil Alldredge, senior vice president, corporate affairs, NAMIC;
- Arlene Kern, senior vice president, strategic innovation leader, Munich Re America, Inc.;
- Robert Mozeika, innovation executive, Munich Re America, Inc.; and
- Thomas Karol, general counsel, NAMIC.
Recent episodes of A.M.BestTV include:
- Risk Management Gaining Ground in Higher Education: At NAMIC, a panel of association and academic leaders said interest from students and insurers is driving the growth of insurance and risk management programs at the college level: http://www.ambest.com/v.asp?v=namic2917.
- Young Insurers Gear Up for Annual Conference, Diversity Efforts: Noelle Codispoti, executive director, Gamma Iota Sigma, said the group is set for a large turnout at their international conference in Dallas and events in multiple cities: http://www.ambest.com/v.asp?v=gis1017.
- Mutual Insurers Turn in Successive Strong Years, Says A.M. Best's Holzberger: At NAMIC, Stefan Holzberger, senior managing director and chief rating officer, A.M. Best, said most mutual insurers will see little change under A.M. Best's new rating methodology and, as a group, mutuals perform slightly better than the broader property/casualty sector: http://www.ambest.com/v.asp?v=holzberger917.
- Bermuda Missed the Storms, but Is Set for the Impact: At the Bermuda Captive Conference, insurance executives said they are bracing for possible impacts from Hurricanes Harvey and Irma, including possible changes in rates, retentions, availability and market players:http://www.ambest.com/v.asp?v=bcc2917.
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 © 2017 by A.M. Best Company, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
