|[August 08, 2014]
A.M.BestTV: Air Disasters, Fires, Outbreaks Raise Global Risks
OLDWICK, N.J. --(Business Wire)--
This episode of A.M.BestTV examines how air disasters in
Ukraine, Mali and Taiwan, and the Ebola outbreak in western Africa, are
dominating risk concerns. Natural disasters include two major
earthquakes in Central America and China, and raging wildfires in the
western United States, which continue to take their toll. Meanwhile, the
Federal Insurance Office (FIO) appoints 21 members from across all
sectors of the insurance industry to the Federal Advisory Committee on
Insurance (FACI), and new research from A.M. Best indicates
specialty energy insurers continue to produce positive operating results.
In A.M. Best's Global Risk Roundup, Meg Green of A.M.BestTV
commented that there were three airline disasters in July, with Malaysia
Airlines Flight MH-17 being the worst. Green stated, "The Malaysia
Airlines Flight MH-17 total insurance loss will be comprised of
passenger liability and physical damage (hull coverage) to the
aircraft." However, 2014 is not the worst year for airline fatalities.
Looking over the last seven months it is one of the lowest, so far,
according to Green, who cited statistics from the Flight Safety
Concerning the appointment of the 21 members to the FACI board, FIO
Director Michael McRaith said, "The committee members are recognized
leaders and represent much of the vast diversity within the U.S.
insurance sector. We are excited to receive the benefit of their
expertise and perspective on the many important issues in which
Treasury's Federal Insurance Office is involved."
Click here to view this episode: http://www3.ambest.com/ambv/displaycontent/video.aspx?vid=nws8814.
Recent episodes of A.M.BestTV include:
Rise of the Super (Risk) Models: How a growing appetite for
risk modeling is driving new models, modeling firms and more inclusive
risk platforms, as reported by Kate Smith of Best's Review
magazine. Also interviewed are Claire Souch of Risk Management
Solutions and Jayanta Guin of AIR Worldwide. Read Smith's entire
article, "The Rise of the Super Models" in the August edition of Best's
First Monday: Leading Analysts , Key Topics: Looks at rising
investment allocations to Schedule BA assets among U.S.
property/casualty and life/annuity companies; the U.S. captive
composite's continued outperformance over its commercial peers and the
potential impact of Mexico's approaching risk-based solvency regime: http://www.ambest.com/v.asp?v=firstmonday814.
Interview: What's Behind the Catastrophe Bond Craze: Florida's
Citizens Property Insurance Corp. (Citizens) launched a $1.5 billion
catastrophe reinsurance bond, the largest in the industry. Meg Green
interviews Jennifer Montero, chief financial officer of Citizens and
examines how the unusual coverage works. Additionally, Best's Review's
Angelo Lewis interviews A.M. Best's Managing Senior Financial
Analyst of Insurance Linked-Securities, Asha Attoh-Okine, on
catastrophe bond activity for the first half of 2014 and how the
deluge of private capital is transforming the reinsurance industry: http://www.ambest.com/v.asp?v=catbonds814.
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 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
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