NAMIC Insurance Uncovered

Episode 809: Today we're uncovering Louisiana insurance reform, the proposals aimed at reducing consumer cost and why many may not accomplish that desired effect. Then later on today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Dale Porfilio, president of the Insurance Research Council and chief insurance officer at Triple I, about a new study examining the dramatic rise in uninsured and underinsured motorists. Today's episode is sponsored by Holborn.

Episode 808: Capital markets for 2024 were nothing short of interesting. NAMIC's latest PIPES Report is now available, which benchmarks property/casualty investment objectives, strategies, and performance. On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Chris Myers, senior strategist at NEw England Asset Management, about how insurers' investment portfolios fared in 2024.Today's episode is sponsored by Holborn.

Episode 807:  A shift in Colorado's approach to funding wildfire insurance may bring new costs to policyholders. Lawmakers are now considering a fee-based model in revised legislation, after NAMIC encouraged state Insurance Commissioner Michael Conway to discard earlier efforts to impose strict loss ratio requirements on home insurers.Plus, there's a new insurance commissioner in Missouri.  On today's Unscripted, we sit down with Angie Nelson to break down the state's insurance market and what's ahead for Missouri insurers and policyholders.This episode of the Insurance Uncovered is sponsored by Holborn.

Episode 806: – The National Association of Insurance Commissioners hosted its Spring meeting in Indianapolis last week.  While the event was lighter in content, there were still several important matters to discuss.Stepping in for Neil this week on our Insurance Unscripted segment, Erin Collins,  senior vice president - state and policy affairs for NAMIC, talks with three of NAMIC's policy vice presidents about the NAIC's top priorities for the coming year.This episode of the Insurance Uncovered is sponsored by Holborn.

Episode 805: Insurance is an increasingly data driven industry, but an effective data governance plan can only be as good as a company's data is accurate. On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Gwen Thomas, data strategist and founder of the Data Governance Institute,  about what it means to have good data hygiene.This episode of the Insurance Uncovered is sponsored by Holborn.

Episode 804: Georgia Gov. Brian Kemp has introduced tort reform legislation to curb legal system abuse, including a key measure that requires transparency for third-party litigation funding.On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Kade Cullefer, representing the American Tort Reform Association and Georgia Defense Lawyers, about why the legislation could be a positive step forward for Georgians. This week's episode is sponsored by Holborn.

Episode 803: Today we're uncovering subrogation. We'll sit down with Steve Badger, attorney at Zelle, to discuss why the legal recovery process is important for insurers and how a Supreme Court decision in Hawaii prohibiting this measure could set a dangerous precedent.Plus, California approves FAIR Plan request to assess insurers $1 billion for wildfire claims. How the assessment highlights the pressing need for regulatory reform in the state.This week's episode is sponsored by Holborn.

Episode 802: Less than a month into the new Congress, NAMIC has started to see results on key legislative issues in Washington. Plus on today's Unscripted, we'll meet NAMIC's new Chair, Ohio Mutual Insurance Group's CEO Mark Russell and discuss how he hopes to serve the industry in the year ahead.This week's episode is sponsored by Holborn.

Episode 801: Hear the latest on the wildfires in California. Plus, nowhere is there more need to separate fact from fiction than in insurance policy, specifically when it comes to the use of big data, artificial intelligence, and risk-based pricing.On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Lindsey Klarkowski, policy vice president, to dispel some of the common misconceptions around Artificial Intelligence. This podcast is sponsored by Holborn.

Holborn - NAMIC's Insurance Uncovered sponsor - is also sponsoring a new book called "Beat the Clock - How the Property Catastrophe Underwriting Cycle Works." On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Frank Harrison, Chairman of the Board and CEO of Holborn, about the new educational resource that will serve generations of risk professionals for years to come.

Episode 719: On today's Unscripted... we're taking a closer look at the 2024 election results. Neil Alldredge, president and CEO of NAMIC, talks with Jimi Grande, senior vice president of federal and political affairs at NAMIC,  about how the results could bring change to the property/casualty insurance industry and what opportunities may be ahead with a new administration and Congress. This week's episode is sponsored by Holborn.

Episode 718:  The impact of PFAS - or "forever" - chemicals on human health is a subject of increasing debate with implication for the insurance industry.  The widespread presence of the substances has become a focal point of regulatory action and litigation. On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Tim Fletcher, senior emerging issues specialist at Gen Re, about the issue's potential impact on the industry.This episode of NAMIC's Insurance Uncovered is sponsored by Holborn.

Episode 717: The Treasury Department's Federal Insurance Office recently hosted a roundtable discussion on insurers' use of artificial intelligence. Rachel Jrade-Rice, general counsel for NEXT Insurance, represented the mutual insurance industry at the event. On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Jrade-Rice about some of the benefits and challenges associated with the technology. This episode of NAMIC's Insurance Uncovered is sponsored by Holborn.

Episode 716: NAMIC and Aon have partnered once again to release the 2024 Mutual Factor report. On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Pat Abbe, executive managing director at Aon, and Sarah Schnettler, senior vice president of member experience at NAMIC, about the impact of the past 24-30 months on the mutual insurance industry.This episode of NAMIC's Insurance Uncovered is sponsored by Holborn.

Episode 715: NAMIC recently attended the Governors' Highway Safety Association annual meeting where AAA Missouri received the Peter K. O'Rourke award for outstanding roadway safety advocacy.  On today's unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Angie Nelson, vice president of public and government affairs at AAA Missouri, about the company's efforts to prevent distracted driving through a comprehensive public awareness campaign and statewide legislation.This episode of NAMIC's Insurance Uncovered is sponsored by Holborn.

Episode 714:  The Mutual Group is an innovative new insurance platform designed to specifically help mutual insurance carriers improve their operational efficiency.On today's Unscripted, Neil Alldredge, president and CEO at NAMIC, talks with Tim Fleming, CEO at The Mutual Group, about what makes the company unique among mutuals. This episode of NAMIC's Insurance Uncovered is sponsored by Holborn.

Episode 713: NAMIC hosted a Congressional briefing to educate lawmakers on the state of electric vehicle markets and the unique aspects of EV technology that impact its insurability. On today's Unscripted, NAMIC's Neil Alldredge, CEO of NAMIC, talks with Ryan Mandell, director of claims performance at Mitchell, about the briefing and key considerations for insurers and lawmakers as more data becomes available about EVs and their use.Guy Carpenter: Scenario Testing Our Mutual Future - Year Three

Episode 712: In the mutual industry's centuries-old history, insurers have adapted to the ever-changing environment.  On today's Unscripted, NAMIC CEO Neil Alldredge talks with Pennsylvania Lumbermens Mutual CEO John Smith about the state of the market and where mutual insurers should be looking for opportunities to grow all while providing a superior customer experience. 

Episode 711: On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Mike Gerber, president and CEO of Builders Mutual, about the company's creative approach to improve jobsite safety for construction workers and employees.  Builders Mutual's Jobs-Site Safety Institute has been recognized as the 2024 overall winner of NAMIC's Award in Innovation.

Episode 710: On today's Unscripted Neil Alldredge, NAMIC president and CEO, talks with Andy Gerlach, Randolph Mutual manager, about why public service is a vital character trait for mutuals.Read more about Andy Gerlach in the latest edition of NAMIC's IN Magazine.

Episode 709: On today's Unscripted, Neil Alldredge, NAMIC president and CEO, talks with Brian Dix, executive director of the Mutual Insurance Association of Iowa, about severe weather in the Midwest and how the insurance industry is supporting policyholders through these crises.

Episode 707: The insurance industry plays a vital role in our financial security and societal progress. Yet, translating innovative ideas into real impact can be a challenge. On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with Phil Budden, senior lecturer at the Massachusetts Institute of Technology, about the critical link between innovation and the well-being of insurance companies and the communities they serve.

Episode 707: It's more important than ever to get politically involved this election year. NAMIC talks with Randa Rawlins, retired president and CEO of Shelter Insurance, about how you can make a difference with state and federal legislators and regulators on behalf of the insurance industry. 

Episode 706: Tornadoes have historically peppered the Great Plains states, but scientists now say the destructive storms appear to be shifting east. At least 22 tornadoes have been reported this week between the Plains and Midwest. However, this shifting severe weather trend isn't the only one insurers are keeping an eye on. On today's Unscripted… NAMIC CEO Neil Alldredge talks with Guy Carpenter's Kris Kaminski and Kim Roberts about ways risk managers are adapting to weather trends and other critical issues affecting the insurance industry. 

Episode 705: The Insurance Institute for Highway Safety is making it tougher to earn its TOP SAFETY PICK awards this year. On today's Unscripted, Neil Alldredge, president and CEO of NAMIC, talks with David Harkey, president of IIHS, about the challenge for auto manufacturers to offer better protection for backseat passengers and pedestrians.

Episode 704: On today's Unscripted, Neil Alldredge, president and CEO at NAMIC, talks with Bryan Falchuk, president and CEO at PLRB, to discuss how the industry is navigating the risks and opportunities of using generative AI in insurance. 

 Episode 703: On today's Unscripted, NAMIC CEO Neil Alldredge talks with Florida Insurance Commissioner Mike Yaworsky about changes to the state's unique insurance market during his first year in the role.

Episode 702: The January property reinsurance renewal has set the stage for an interesting year ahead. On today's Unscripted, Neil Alldredge, NAMIC president and CEO, talks with Aon's Brad Melvin and Patrick Abbe about the shifting market dynamics and what we can expect in 2024. 

Episode 701: The 2024 legislative season is in full swing.  On today's Unscripted segment,  NAMIC CEO Neil Alldredge talks with the association's Vice President of State Affairs Jon Schnautz about new bills brewing in legislatures across the country and how they could impact the insurance industry. 

Episode 625: On today's Unscripted, Neil Alldredge, NAMIC president and CEO, talks with Jimi Grande, NAMIC senior vice president of federal and political affairs, to recap this year's congressional accomplishments on behalf of the insurance industry and discuss what's ahead in 2024. 

Episode 624: On today's Unscripted, Neil Alldredge, NAMIC president and CEO, talks with Mark Berven, Nationwide Property & Casualty president and COO, about the new era of risk and how the company is responding to the changing environment affecting all aspects of the insurance industry.

Episode 623: On today's Unscripted, Neil Alldredge, NAMIC president and CEO, talks with Tony Cotto, NAMIC director of auto and underwriting policy, about what insurers should consider as they identify and price emerging EV risks. 

Episode 622: On today's Unscripted,  Roy Wright, IBHS president and CEO, tells us about the latest wildfire mitigation research and shares how the organization educates homeowners to protect property from severe weather disruptions. 

Episode 621: Louisiana appears headed in a new direction when it comes to insurance regulations.  On today's Unscripted, Neil Alldredge, NAMIC president and CEO, talks with Tim Temple, Louisiana insurance commissioner-elect, about his plans to draw more insurance companies to the state's market. 

Episode 620: On today's Unscripted, NAMIC CEO Neil Alldredge talks with Elizabeth Heck, NAMIC chair and president and CEO of Greater New York Mutual Insurance Company, about the broad impact of the association's advocacy efforts and her optimism that the industry will continue to embrace any challenge that comes its way. 

Episode 619: This special episode of Insurance Uncovered takes you inside NAMIC's 128th Annual Convention.  Hear from Neil Alldredge, NAMIC president & CEO, about how the association is supporting its membership through as it enters a new era of risk.  Plus, Aon's Patrick Abbe shares the latest findings for the all-new Mutual Factor Report. 

Episode 618: With the economic impact of insurance fraud registering a staggering $308.6B every year, the Coalition Against Insurance Fraud conducted a new study seeking to understand consumers' psychological view of fraud, its criminality, and its impact on their lives. On today's Unscripted, NAMIC CEO Neil Alldredge talks with the research author Dr. Kelly Richmond Pope about who the report found is most likely commit insurance fraud and why.

Episode 617: Alfa Mutual Insurance Company is this year's overall winner of NAMIC's Award in Innovation.  On today's Unscripted, NAMIC CEO Neil Alldredge talks with Alfa Mutual CEO Jimmy Parnell and Executive Vice President of Operations Tommy Coshatt to learn about the company's innovative program to develop emerging leaders and enhance company culture.

Episode 616: On today's Unscripted, we're bringing you a presentation from NAMIC's Management Conference where NAMIC CEO Neil Alldredge hosted a panel discussion about the current reinsurance market with representatives from Aon, Holborn, Gen Re, and Guy Carpenter.  The conversation focuses on solutions for reinsurance capacity - including underwriting/pricing improvements and exposure management - given the challenges presented by the hard reinsurance market.

Episode 615: For the first time, NAMIC and Aon have published a midyear update to the annual Mutual Factor Report. It checks in mutuals at this midway point to reflect on events at the close of the prior year, the challenges that remain for our industry, and the opportunities that lie ahead. On today's Unscripted, NAMIC CEO Neil Alldredge talks with Aon's Patrick Abbe about the mid-year findings. 

Episode 614: On today's Unscripted, we'll learn about a new partnership that NAMIC has entered into to bring members a new service.  You may recall that as part of NAMIC's new strategic framework, one of the goals of the association is to provide a mix of products to members that can help enhance their businesses.  So NAMIC CEO Neil Alldredge is talking with Matt Popoli of Bain Capital about a new offering of corporate-owned life insurance.

Episode 613: NAMIC CEO Neil Alldredge talks with the Insurance Institute for Highway Safety President David Harkey about how the organization continuously updates road safety standards to better protect drivers and deter distractions. 

Episode 612: On today's Unscripted, NAMIC CEO Neil Alldredge talks with Gen Re's Kara Raiguel about how the reinsurance market has changed in the first part of 2023 and what companies can do in anticipation of the next renewal cycle. 

Episode 611: On today's Unscripted, NAMIC CEO Neil Alldredge talks with Guy Carpenter's Mark Hope about how hurricane outcomes have changed over time and other weather trends impacting the industry.

Episode 610: NAMIC CEO Neil Alldredge talks with the association's Regional Vice President Caitlin Murray about the 2023 Florida legislative session that included major reforms to significantly reduce litigation abuses and other issues that have raised costs for residents and insurers alike.

Episode 609: NAMIC will soon launch a quarterly Judicial Advocacy Update to inform the membership on the status of first-party litigation, provide updates on amicus activity, and examine issues where law and policy intersect.On today's Unscripted, NAMIC CEO Neil Alldredge talks with  Andrew Kirkner, the association's general counsel, about some of the challenges currently facing insurers on the judicial advocacy front.

Episode 608: NAMIC CEO Neil Alldredge talks with Guy Carpenter's Blake Berman and Ariah Tough about an all-new paper that evaluates five new and expanded scenario tests to understand the effects of current market forces on the mutual insurance industry.

Episode 607: NAMIC CEO Neil Alldredge talks with Advocates for Highway and Auto Safety President Cathy Chase about ways our nation's leaders can take action to end distracted driving.

Episode 606: NAMIC CEO Neil Alldredge talks with National African American Insurance Association National Board Member Ngozi Nnaji as she challenges insurers to address the industry's talent challenges through better branding. 

Episode 605: Host Cathy Imus talks with Chris Turney, Chair of the DRI Center for Law and Public Policy's Social Inflation Task Force, about social inflation and ways insurers can combat legal system abuse.  Check out the new policy paper from NAMIC and DRI here.

Episode 604: Gamma Iota Sigma - an international professional fraternity - connects risk management students with insurance industry professionals.  On today's Unscripted, NAMIC CEO Neil Alldredge talks with GIS Executive Director Grace Grant about what students are looking for most as they enter the industry.