AIRROC is please to present the 8th Annual Trish Getty Scholarship to two very deserving St. Joseph University students, Joseph Angelina and Melissa Navrot. AIRROC presented the Trish Getty Scholarship to two very deserving St. Joseph University students this year. The scholarship was founded to honor the contributions of AIRROC’s first Executive Director. … [Read more...] about AIRROC Congratulates Joe Angelina and Melissa Navrot – Recipients of the 2019 Trish Getty Scholarship
AIRROC Events
AIRROC Returns to Jersey City for the 15th Annual NJ Legacy Transactions and Networking Forum
Still Time to Register for AIRROC’s Biggest Event of the Year! It’s not too late to register for AIRROC’s biggest event of the year! Join us from Sunday, October 20 to Wednesday, October 23, 2019. The AIRROC Board of Directors looks forward to seeing you at the upcoming forum. This year we return to The Westin Jersey City Newport, located at 479 … [Read more...] about AIRROC Returns to Jersey City for the 15th Annual NJ Legacy Transactions and Networking Forum
Runoff Deal Market Forum – Season 2
Back by popular demand, AIRROC and Mayer Brown, presented a new episode in the ongoing market drama that portrays the evolution of dynamic options for creating value out of “has-been” books of business. Building on last season (June 2018), a stellar cast of players in the Runoff Market --- some new faces, some returning from last season, brought the market scene to life. … [Read more...] about Runoff Deal Market Forum – Season 2
The Weather was HOT and so was AIRROC’s Summer Membership Meeting…
As we do annually, AIRROC members met at the offices of Norton Rose Fulbright to work on their goals and also to take in some new topics offered by our Education Committee and partner firms. First up we featured a look at Captives and Emerging Risks. What do Legacy business and captive market transactions have in common? The ability to evaluate and manage the exposures … [Read more...] about The Weather was HOT and so was AIRROC’s Summer Membership Meeting…
Do the Right Thing
It was a record breaking attendance at the AIRROC Spring Membership Meeting on March 5 & 6. Hosted at the offices of Norton Rose Fulbright in New York City, members held meetings and also heard from great education panels. Read on for highlights for this particular session. Doing the right thing is easy . . . isn’t it? Not always. When it comes to environmental … [Read more...] about Do the Right Thing
On-Demand, Usage-Based, and Micro Insurance
It was a record breaking attendance at the AIRROC Spring Membership Meeting on March 5 & 6. Hosted at the offices of Norton Rose Fulbright in New York City, members held meetings and also heard from great education panels. Read on for highlights for this particular session. Karen Borg and Randi Ellias of Porter Wright Morris & Arthur LLP moderated a panel discussion … [Read more...] about On-Demand, Usage-Based, and Micro Insurance
Exploring the Evolving Role of FinTech and InsureTech on Runoff Issues
It was a record breaking attendance at the AIRROC Spring Membership Meeting on March 5 & 6. Hosted at the offices of Norton Rose Fulbright in New York City, members held meetings and also heard from great education panels. Read on for highlights for this particular session. Richard J. Fabian (SVP, General Counsel and Chief Strategy Officer of Riverstone) and Huhnsik … [Read more...] about Exploring the Evolving Role of FinTech and InsureTech on Runoff Issues
Emerging Risks and the Legalization of Marijuana
It was a record breaking attendance at the AIRROC Spring Membership Meeting on March 5 & 6. Hosted at the offices of Norton Rose Fulbright in New York City, members held meetings and also heard from great education panels. Read on for highlights for this particular session. Tyler Scott and Scott Davis, Partners at Husch Blackwell, along with Lisa Simon, Vice President at … [Read more...] about Emerging Risks and the Legalization of Marijuana
AIRROC Congratulates Kayla Cecchine: Recipient of the 2018 Trish Getty Scholarship
AIRROC is pleased for the 7th year to have presented the Trish Getty Scholarship to a very deserving student. This year’s award recipient is Kayla Cecchine, who will graduate in May 2020 from Saint Joseph’s University in Philadelphia, PA. She is pursuing a double major in Risk Management Insurance and Business Intelligence and Analytics. In presenting the scholarship, AIRROC … [Read more...] about AIRROC Congratulates Kayla Cecchine: Recipient of the 2018 Trish Getty Scholarship
Bringing it in Bean Town: Boston Regional Education Day
AIRROC’s Boston Regional this year was co-hosted by Locke Lord and Pro. Held in the Prudential Center, the attendees learned from a diverse faculty and were treated to a keynote from Elizabeth Dwyer, Deputy Director and Superintendent of Banking and Insurance for Rhode Island. We also had an insightful presentation on Hurricane Maria and its effects on Puerto Rico, a report out … [Read more...] about Bringing it in Bean Town: Boston Regional Education Day
AIRROC / EECMA Climate Change Symposium: Trade Associations Pair up to Face Reality
On September 6, 2018, AIRROC and EECMA (Environmental and Emerging Claim Manager Association) presented their 2018 feature co-hosted program, which took a comprehensive look at climate change. The one-day symposium presented material too voluminous to summarize adequately in a single article. However, here are a few things you missed if you did not attend the symposium. Courts … [Read more...] about AIRROC / EECMA Climate Change Symposium: Trade Associations Pair up to Face Reality
Biometrics: The Next Big Privacy Issue
Picture a world in which you use your fingerprints, rather than keys to open your front door; where you pay for items by taking a selfie; where your heartbeat serves as your password. Biometrics —automated recognition of individuals based on unique characteristics—are making all of this possible. But maybe not surprisingly, the commercial use of biometrics raises numerous … [Read more...] about Biometrics: The Next Big Privacy Issue
Lessons from the Front: Managing the Program Manager
Regan Shulman (Vice-President and Deputy General Counsel of Arch Insurance Company) and Michele Jacobson and Robert Lewin (both Partners at Stroock) discussed the historical issues that insurance companies have faced in relationships with program managers and offered practical solutions on how to manage those relationships productively. The panel began by reminding attendees … [Read more...] about Lessons from the Front: Managing the Program Manager
The Future of Claims
Jake Acosta of EY presented insights on the future of claims. Acosta explained that, in early 2016, EY conducted research to understand where claims operations are headed. EY’s research included interviews with executives at commercial insurers, industry analysts, and FinTech leaders. EY’s research revealed six key drivers of change in the industry. Decreasing Claims … [Read more...] about The Future of Claims
Insurance Business Transfer Statutes
A panel comprised of Eleni Iacovides of DARAG, Vincent Laurenzano and Bernhardt Nadell of Stroock & Stroock & Lavan, Jim Wrynn of FTI Consulting, and Frank Schmid of AIG discussed the various statutory and regulatory provisions governing insurance business transfers. The panel addressed traditional statutory and regulatory procedures for handling impaired and insolvent … [Read more...] about Insurance Business Transfer Statutes
Florida Bad Faith Claims: Best Practices In Claims Handling
Joanne McGovern (Claims Regional Vice-President for ProSight Specialty Insurance), joined Laura Besvinick and Julie Nevins (both of Stroock & Stroock & Lavan) to discuss the dynamics of claims handling in Florida, the hallmarks of good faith claims-handling, and avoiding bad faith claims. Bad faith claims have become something of a “cottage industry” in Florida. Certain … [Read more...] about Florida Bad Faith Claims: Best Practices In Claims Handling
AIRROC Springs Ahead: Spring Membership Meeting
Though it wasn’t feeling like Spring, and a Nor’Easter hit New England so hard it left many unable to travel, AIRROC’s Spring Membership meeting drew more than 100 attendees over two days. The familiar format of a day for business and education meetings made it a productive combination for our members and supporters. The Education Day featured timely and interesting topics: PwC … [Read more...] about AIRROC Springs Ahead: Spring Membership Meeting
A New Allocation Landscape Under In re Viking Pump, Inc.
The panel consisted of Bruce Engel, Partner at Freeborn & Peters LLP, moderated the panel consisting of Amy Kallal, Partner at Mound Cotton Wollan & Greengrass LLP, and Robin Dusek, Partner at Freeborn & Peters. Amy Kallal addressed the Viking Pump decision, stating that “it turns out” that New York is not really a pro rata state, but that “sometimes” it is. In … [Read more...] about A New Allocation Landscape Under In re Viking Pump, Inc.
Legacy U.K. Employers Liability
The panel consisted of: Richard Lawson, Global Head of Client Engagement at Pro Insurance Solutions Ltd; Ian Harvey, Head of Claims Strategy at Pro Insurance; and Joe Froehlich, Partner at Locke Lord, LLP. Richard Lawson provided an overview of the U.K. Employers Liability market, which he noted was similar to but not the same as workers' compensation in the U.S. This coverage … [Read more...] about Legacy U.K. Employers Liability
Paul Corver, R&Q the “IRLA” of Run Off
Please tell our readers about your work history and lessons you have learned. Having worked in insurance for 32 years, of which the last 27 years has been in the run-off sector, I learned at an early stage that run-off was an exciting place to be. The innovation and determination of practitioners to find a solution or manage a problem keeps the sector fresh and an enjoyable … [Read more...] about Paul Corver, R&Q the “IRLA” of Run Off
