A.M.BestTV at RIMS: 10 Years Later, Katrina Affects Today’s Insurance Industry

RIMS 2015

OLDWICK, N.J.--()--This episode of A.M.BestTV wraps up coverage of the annual Risk & Insurance Management Society Inc.’s (RIMS) conference in New Orleans, LA, with a panel discussion on the lasting impact of Hurricane Katrina 10 years later.

Click on http://www.ambest.com/v.asp?v=rims1515 to view the video program. View all the daily wrap-ups and interviews from the event at http://www.ambest.com/rims2015.

Michael Foley, chief executive officer at Zurich North America (Zurich) spoke about the lessons his company has learned. “I believe access to international capital is a key part of mitigating and spreading the risks from wind-exposed property across the United States,” said Foley. “Zurich also learned from Katrina that if we approach the matter by using an alternative dispute resolution policy, where we work with third-party mediators with no affiliation to Zurich, claims are settled quicker and fairly.”

Kevin Kelley, chief executive officer at Ironshore, Inc., learned how important insurance is to customers that are desperate for assistance. “I have learned that insurance plays a very significant role in a post-Katrina situation. It is the first responder to the liquidity needs that customers have.”

Other people who appear in this episode include:

  • Jim Donelon, insurance commissioner of Louisiana.

Full-length interviews from the event also are available for viewing:

Those interested in receiving conference coverage via email can sign up at www.ambest.com/review/GetAMBestTV. Auto-notification of the latest insurance news available on A.M.BestTV will continue every Monday, Wednesday and Friday.

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 © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

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

Contacts

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