Marc Rothchild, SVP and Head of Claims at Xceedance, explained that his team is fully equipped to understand the guiding principles of artificial intelligence. 

A panel at the WSIA Annual Marketplace in San Diego said private insurers are assessing their appetite for flood risk due to changing climate conditions and increased frequency of severe storms.

Rik Goyton, SVP for CAC specialty says that significantly rising defense costs, increased SEC activity and a resurgence of securities class action filings are a few of the most top-of-mind trends impacting the D&O market so far in 2024.

AM Best Associate Director David Blades and Senior Industry Analyst Christopher Graham discuss a new Best's Commentary that finds newly formed take carriers will be severely tested as affordability and availability issues will be exacerbated.

Neil Sprackling, CEO US Life and Health, Swiss Re says that despite projected excess mortality continuing in the US for the next 10 years, COVID-19 pandemic-linked excess mortality may disappear by 2028, reverting to pre-pandemic expectations.

Karen Clark, co-founder and CEO of risk modeler KCC, said that while Hurricane Milton and accompanying tornadoes ravaged Florida significantly, the results could have been much worse.

A panel gathered by AM Best TV at the WSIA Annual Marketplace conference in San Diego said the excess and surplus sector has evolved from being perceived as a market for hard-to-place risks to becoming a staple in the insurance community.

Marcia Blanco, head of financial lines at Munich Re Specialty, said as a result of regulatory claims, defense costs for directors and officers have skyrocketed.

AM Best Financial Analyst Lauren Magro discusses a new Best's Market Segment Report finding that P/C mutuals report surplus growth, and pursue rate adequacy amid another year of increasing severe storm frequency.

Dan Law, head of the cyber practice at HSB, said small and medium enterprise businesses have been slow to adopt cyber protection into their coverage, however insurers need to focus on bringing a product to that market that makes sense.