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A.M. Best Posts Webinar Transcript and Playback Examining New Flood Coverage Options

The video playback is available at no charge at www.bestreview.com/webinars/flood11.

To read the transcript, please visit www.ambest.com/multimedia/flood11transcript.pdf.

Experts in flood risk, insurance, reinsurance and public catastrophe policy examined new and innovative approaches to covering flood loss in the United States and other nations in this special online town meeting. Topics discussed included:

• The state of flooding, including why flooding promises to remain a chronic and expanding problem, along with a look at the economic, social and environmental factors driving record losses
• How flood loss is now insured in the United States and elsewhere, how that coverage is evolving and how that's being addressed in other parts of the world
• The merits and drawbacks to new approaches to primary insurance, reinsurance and public/private risk financing that could provide flood insurance coverage without creating financial black holes for governments

Panelists for this webinar included:

• Dr. Jens Mehlhorn, Head of Swiss Re's global Cat Perils Flood Team
• Jeff Beauman, Vice President and Manager Risk Underwriting, FM Global
• Steve Ellis, Vice President, Taxpayers for Common Sense
• Susan Voss, Iowa Insurance Commissioner and President, National Association of Insurance Commissioners
• Andrew Castaldi, Senior Vice President, Head Cat Perils, Swiss Re
• Howard Kunreuther, Professor of Decision Sciences and Business and Public Policy at the Wharton School
• Nikhil da Victoria Lobo, Senior Vice President, Global Partnerships, Swiss Re
• Gerald Galloway, General, Retired at U.S. Army Corps of Engineers

The event was presented on September 15 by Swiss Re. Visit them at www.swissre.com.

New A.M. Best webinars featuring insurance industry leaders and exploring industry trends and developments are always being added to the event schedule. To view a complete schedule and register for upcoming webinars, visit www.ambest.com/conferences/webinars.html.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright (c) 2011 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

A.M. Best
Lee McDonald
Group Vice President, Communications
908-439-2200, ext. 5561
lee.mcdonald@ambest.com