Insurance Industry “Hot Topics” 2015: Commercial Ride/Car-Sharing, Post-Catastrophe Insurance and Best Practices, and the Future of Terrorism Risk Coverage

February 26, 2015 5:55pm

Thomas Santos
Vice President, Federal Affairs
American Insurance Association

Ursula Kerrigan
SVP & General Counsel – U.S. Insurance
XL Insurance

Amy Bach
Executive Director
United Policyholders

Commercial Ride/Car-Sharing

  • Examining the recent rise in insurance and policy issues relating to the commercial ride-sharing and car sharing industries
  • What challenges do these emerging industries face, and what ambiguities exist around the insurance coverage provided through these programs?
  • How much insurance and what kind of coverage should these new transportation services carry?
  • What is the latest legislative movement on this issue amongst the states?
  • What is the industry response?

Post-Catastrophe Insurance and Best Practices

  • The latest activities and recommendations of the NAIC Catastrophe Insurance Working Group
  • The strides the NAIC is taking to develop a model law, regulation and/or guideline to standardize insurer premium collection procedures, underwriting limitations, claimshandling processes and claims data reporting requirements that a state could adopt in advance of a catastrophe and activate after a catastrophe
  • State, regional and national programs to increase capacity for insurance and reinsurance related to catastrophe perils
  • Post-Catastrophe Salvage Solutions – best practices for reducing property and auto claims costs

TRIA – The Future of Terrorism Risk Coverage

  • Assessing the present and future state of terrorism coverage given the recent renewal/non-renewal of the federal Terrorism Risk Insurance Act of 2002 (“TRIA”)
  • Status update on NARAB II