Connecting CAT: Perspectives from leaders at NICC

CAT losses are more than a tragedy, they are a real event that the insurance industry has to address but there are many layers to the challenge. During our interviews at NICC we heard from Peter Routledge, Ceyleste Power, Paddy Jago, Paul Kovacs, Matt Godsoe, and Bob Fitzgerald on many subjects but the complexity of CAT losses was front of mind. In this episode:Why CAT losses need to be looked at at many different levelsWhere success has happened in preventing losses when a CAT event happensThe role of government and regulationHow industry tries to manage and keep premiums sustainable for insureds and insurersThe effect on the reinsurance market from CATSHow CATS affect the ability for insurers to manage claimsThese brief segments are packaged together to provide insight about how industry leaders are dealing with this all to frequent loss category and what needs to happen to get consensus.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.