|[July 25, 2014]
A.M. BestTV: Insurance Legislation Picks Up; Business Travel Concerns
OLDWICK, N.J. --(Business Wire)--
In this episode of A.M.BestTV, Kathy Donovan, senior
compliance counsel of Wolters Kluwer Financial Services reports that the
pace of U.S. state insurance-related legislation is running ahead of
2013. In addition, James Scott, accident product head at American
International Group, Inc.'s Benefit Solutions discusses developments
in business travel insurance.
Donovan said that what makes the 2014 numbers on state insurance-related
bills more impressive is that it does not include any actions from
Texas, which typically only enacts legislation in odd number years.
Other notable activity, according to Donovan, includes legislation that
increased consumer protection measures in the property/casualty arena,
and more attention being given to unclaimed life insurance benefits.
In a separate interview, Scott discussed that for business travel
insurance, the following concerns need to be emphasized to employers and
risk managers: risk assessment, risk mitigation, training, communication
and monitoring and tracking.
Also discussed is a recent Best's Briefing entitled, "The
Insurance Implications of Malaysia Airlines Flight MH-17," which states
that the total insurance loss will comprise passenger liability claims
and physical damage to the aircraft. The liability loss will be shared
between the insurance and reinsurance markets.
Click here to view this episode. http://www.ambest.com/v.asp?v=news72514.
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