[July 21, 2014] |
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A.M. BestTV: Soaring Skyscrapers Highlight Host of New Risks
OLDWICK, N.J. --(Business Wire)--
This episode of A.M.BestTV explores how insurers and risk
managers face a host of new technology, underwriting and safety
challenges as building construction around the world soars to new height
records.
Hugh Burgess, president and CEO of Allianz Global Corporate &
Specialty SE, Americas Region, and Manfred Schneider, Head of
Engineering North America, Allianz Global Corporate & Specialty SE are
both featured in this episode.
Burgess and Schneider address the issues that have arisen concerning new
height construction. "The heighten degree of uncertainty is
substantial," said Burgess. "Structural engineering concerns have
increased tremendously," adds Schneider. Furthermore, both men spoke
about the upsurge in financial costs, design and construction
liabilities, flood coverage, greater workmen safety and fire risks, as
well as the increase risk of terrorism attacks in certain areas of the
world. So the question insurers are asking is: How high is up?
Click on to view this episode. www.ambest.com/v.asp?v=buildings714
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TRIA Advances; Urban Tornadoes; Q1 Profits; Change Ahead at FM
Global: The Terrorism Risk Insurance Act (TRIA) clears the
Senate; Swiss Reinsurance Company Limited's Megan Linkin
assesses the potential impact of a major tornado striking Chicago; a
new report from A.M. Best summarizes first quarter profits in light of
the severe winter weather and FM Global Group's President and
CEO Shivan Subramaniam prepares to step aside: http://www.ambest.com/v.asp?v=news71814
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The Institutes Reaches Out to New Insurance Education Markets:
The Institutes, known for its Chartered Property Casualty Underwriters
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for its insurance-specific training: international technology,
consulting and service companies: http://www.ambest.com/v.asp?v=institutes714
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Insurers, Regulators Wary of Ride Sharing Services: As
ride-sharing services such as Uber, Lyft and Sidecar spread into
United States and world markets, insurers say that policies,
underwriting considerations and limits designed for personal
automobile coverage should not apply to those driving for
profit: http://www.ambest.com/v.asp?v=ridesharing714
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Global Regulators Update Capital Plan; Life Sales Sag:
International insurance supervisors draw criticism after seeking an
August deadline for comment on their updated capital requirements
plan. Also, Kurt Karl chief economist of Swiss Reinsurance Company
Limited details the state of world insurance growth: http://www.ambest.com/v.asp?v=news71114
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
RESERVED.
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