A.M.BestTV: Attorneys Brace for a Range of Regulatory Issues

OLDWICK, N.J.--(BUSINESS WIRE)-- This episode of ^A.M.BestTV from the New York City Bar Association’s annual program on insurance regulation issues looks at the largest regulatory topics that are touching every corner of the industry. To view the video program, click on http://www.ambest.com/v.asp?v=nycbar2015.

In the episode, attendees said the range of issues continues to expand as layers of regulation mount in the United States and elsewhere, particularly work on an international capital standard that has been met with skepticism in the United States. David Snyder, vice president, international policy at the Property Casualty Insurers Association of America, said, “You have increasing authority of basically banking-centric organizations like the Financial Stability Board that are increasingly directing the international insurance regulators as to what they will do and when they will do it.”

Cynthia Borrelli, insurance practice director at Bressler, Amery Ross said that international regulators should be more welcoming to input from U.S. insurance companies and regulators on new developments. “My concern is that U.S. regulation will take a back seat to regulation abroad.”

Other people who appear in this episode include:

• John Huff, director, Sate of Missouri Department of Insurance, Financial Institutions & Professional Registration;
• Kenneth Kobylowski, commissioner, N.J. Department of Banking and Insurance;
• Francine Semaya, legal and regulatory consultant; and
• Edward Kelley, senior vice president and Deputy General Counsel, Transatlantic Reinsurance Co.

Recent episodes of ^A.M.BestTV include:

• Competition Heats Up in Employee Benefits Sector: A look at how AXA S.A. and other life companies are targeting employee benefits in the U.S. workplace as an opportunity for growth: http://www.ambest.com/v.asp?v=benefits415.
• Life Insurers Follow Multiple Paths to Pursue Sales: Examining the continuing flat sales that life insurers are encountering and what new distribution channels they are pursuing to entice consumers: http://www.ambest.com/v.asp?v=life415.
• Senior Rating Analysts Discuss Capital Model Developments: Highlights of a recent webinar where senior members of A.M. Best’s Rating Division provided updates and details on the upgrading of the agency’s Best’s Capital Adequacy Ratio (BCAR): http://www.ambest.com/v.asp?v=capmodel415.

^A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View ^A.M.BestTV episodes at http://www.ambest.tv.

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 © 2015 by A.M.Best Company, Inc.ALL RIGHTS RESERVED.

A.M.Best Company

Lee McDonald, 908-439-2200, ext. 5561

Group Vice President, Publication and News Services

[email protected]

Source: A.M. Best Company