In a thorough overview of the current landscape of Opioid litigation, the final panel of the AIRROC Spring Membership Meeting presented a compelling view of why the liability trends and coverage issues involved in this litigation are expanding the scope and theories of exposure extend beyond opioid claims; it also highlighted the unique impact of opioid use on workers’ … [Read more...] about Opioids – Why this Still Needs our Attention
The 2021 AIRROC Spring Meeting was kicked off by the rise of the InsurTechs presentation given by Brian T. Casey and Benjamin P. Sykes of Locke Lord LLP, Cole Winans of Flyreel and Brent Williams of Benekiva. Many of the InsurTechs making headlines today are directly involved in one or more of the traditional segments of the insurance industry – selling, adjusting or … [Read more...] about The Non-InsurTechs – How Technology Focused InsurTechs Are Changing the Face of the Industry Without Selling a Single Policy
The Panelists for the first education session of day two of our virtual Spring Membership Meeting included Michelle Harnick, Managing Director, Guy Carpenter David Luce, Partner, DLA Piper and Ed Torres, Executive Vice President, Willis Towers Watson. AIRROC Executive Director Carolyn Fahey who served as moderator facilitated the discussion. Michelle kicked off the … [Read more...] about Market Capacity – What Does it Mean for the Legacy Market?
In 2020 over $7 billion was invested globally in insurtechs as cited by Paul Chen, Partner at Mayer Brown, who moderated the educational session, “Creating Value in Runoff through Collaboration with Insurtechs.” Fellow Mayer Brown partner Stephanie Duchene joined the panel along with Nick Daley of Plug and Play, Nicos Vekiaridies of Attestiv and Andrew Naoum of EvolutionIQ. … [Read more...] about Creating Value in Runoff through Collaboration with Insurtech
Working from home is a dramatic change for many but AIRROC’s summer series of webinars makes a huge splash keeping members updated and connected. AIRROC’s Work From Home webinars continued to garner significant participation from our members and included a diverse range of topics and emerging trends, which were originally scheduled for the NYC and … [Read more...] about AIRROC Work From Home Webinar Series
AIRROC’s Spring 2020 entry level webinars were a smashing success. So much so, that more are on the way! To learn more and register, please click here. AIRROC’s Three Part Webinar Series With the majority of insurance professionals working from home as the result of the global pandemic, AIRROC’s three part webinar series was a great success … [Read more...] about AIRROC’s Runoff Webinar Series Takes Off
This will be the first in a series of brief articles by Greg Gitter with Legacy Claims Solutions; roughly based on the presentations he has given at AIRROC events, the articles portray the stories he uses to illustrate techniques he has developed to assist companies in resolving “old dog” workers' compensation exposures. The claimant’s wife is clearly not happy. … [Read more...] about Tips on How to Settle a Workers’ Compensation Claim
Our Panel of national experts explored the current marketplace for transferring WC liabilities and the competitive pressures that are driving an interest in loss portfolio transfers. Swiss Re’s Ethan Vaughan moderated the opening educational session, “Why Should an Entity Cede WC Retentions?”, which explored the current marketplace for transferring WC liabilities and … [Read more...] about Why Should an Entity Cede WC Retentions?
An esteemed panel discusses the relatively new legal frameworks that provide legal finality and a further exit solution in addition to the well tested and accepted Loss Portfolio Transfer mechanism. For the optimistic, passionate and inquisitive IBT enthusiasts, the last panel of the Education Day in Jersey City this year must have been an hour of … [Read more...] about Insurance Business Transfer – What now?
Dentons Gotham Insurance Symposium hosts panel on new insurance business transfer mechanisms in Oklahoma and the US. Please join Dentons for its fifth annual Gotham Insurance Symposium, as they delve into some of the most pressing issues facing the insurers today, including insurance business transfer mechanisms in Oklahoma and the US. This panel presentation will … [Read more...] about Gotham Insurance Symposium
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
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
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…
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
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
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
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