Insurers Brace for Active Hurricane Season

BestDay Video for Wednesday, July 7: Howard Mills, director and chief advisor of the insurance industry group at Deloitte, discusses the industry position and what insurers should be doing heading into the heart of what is forecast to be a very active year for tropical storms. John Weber hosts.

Recent episodes of BestDay Video include:

? Tuesday, July 6: Discussed are U.S. financial reform legislation; National Conference of Insurance Legislators summer meeting preview; California life insurance legislation to uphold coverage in the event of insolvency; regulation over data breach liability; advantages of reinsurance amid Solvency II; and China Insurance Regulatory Commission encouraging a boost in the shipping reinsurance market. John Weber hosts.

? Monday, July 5: Peter Hughes, director for industry marketing and solutions for Teradata Corp., discusses how insurers should be thinking about using geospatial data and the value it brings to the industry. John Weber hosts.

? Friday, July 2: Windstorm Klaus with its 120 mph winds hitting Spain, Italy and France, caused some $3.4 billion in insured losses in its wake, and ranks No. 1 of the top 20 insured disasters as compiled by A.M. Best for Best’s Review’s 2009 world catastrophe map. John Weber hosts.

? Thursday, July 1: U.S. property/casualty insurer financial impairments have more than tripled since 2007, according to a just-released A.M. Best special report; and severe weather across the heartland including tornadoes and hail causing up to $1.7 billion in insured losses ranks No. 2 of the top 20 insured disasters as compiled by A.M. Best for Best’s Review’s 2009 world catastrophe map. John Weber hosts.

? Wednesday, June 30: Rare February tornadoes and severe windstorms from Oklahoma to New Jersey causing up to $1.4 billion in insured losses rank No. 3 of the top 20 insured disasters as compiled by A.M. Best for Best’s Review’s 2009 world catastrophe map. John Weber hosts.