Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
BestDay Audio Podcast for Friday, March 16: Jesse Slome, executive director of the American Association for Long Term Care Insurance, discusses why the LTCI market may be smaller than most people assume.
— Thursday, March 15: Michael O'Connor, an underwriter at Ascot Underwriting in London, says the terrorism insurance market is in a "right healthy," even as Ascot has shifted turned his focus more to political violence.
Recent episodes of BestDay Audio include:
— Wednesday, March 14: Michael Carr, senior vice president and head of Liberty International Underwriters, said brokers are having to work harder to place business in the excess and surplus property market today. Carr said insurers are raising rates while shrinking capacity and aggregates, which means brokers have to tap more carriers to provide coverage for individual accounts.
— Tuesday, March 13: Shannon Barrett, a partner in O'Melveny & Myers' ERISA litigation and counseling practice, explains the new U.S. Department of Labor regulations concerning fee disclosures by retirement plan service providers that create a more technical regime for determining whether service arrangements, including retaining plan record-keepers, comply with the Employee Retirement Income Security Act.
— Monday, March 12: Bill Keogh, president of Eqecat, Robert Muir-Wood, chief research officer at RMS, and Dr. Jayanta Guin, senior vice president of research and modeling, AIR Worldwide, each discuss how last year's disasters in Japan, Thailand and New Zealand might affect reinsurance renewal rates.
The BestDay Audio Podcast is a daily wrap-up of insurance news plus additional content. To listen or subscribe, visit http://www.bestdayaudio.com. To hear individual audio interviews on an on-demand basis, visit http://www.ambest.com/audio.