Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence Season 6, Episode 3: Underwriters of the storm: the insurance industry after Hurricane Ian
Nov 3, 2022
25:06
This episode examines the impact of Hurricane Ian and, more broadly, climate change, on the insurance industry. The September storm killed at least 119 people and caused at least $50 billion in damage in Florida alone. It may be the state’s costliest storm ever but is only the latest in a series of increasingly severe storms, droughts and wildfires that scientists say are consistent with predicted effects of climate change. Such natural disasters have taxed the insurance industry, and one industry lawyer called Hurricane Ian a “death knell” for property and business interruption insurance in Florida.
In this episode of Compliance Clarified, Randall Mikkelsen, managing editor for North America, is joined by Antonita Madonna, insurance correspondent for Regulatory Intelligence, explore the challenges new-style risks including natural disasters are posing for the insurance industry and U.S. insurance regulators.
Follow these links for more coverage by Regulatory Intelligence of the insurance aftermath of Hurricane Ian:
https://www.reuters.com/article/bc-finreg-low-flood-insurance-florida-hu/low-flood-insurance-uptake-in-florida-poses-tough-challenge-after-hurricane-ian-idUSKBN2RS1G2
The "Compliance Clarified" podcast series covers the wide range of topics which affect compliance officers in financial services firms.
The series has been designed to help compliance officers make sense of the often-challenging world of financial services regulation, which is now overlaid with expectations not found in the black and white of any rulebook. The role and remit of the compliance officer is ever-growing, and senior compliance officers have had to become polymaths, mastering not only detailed subject matter expertise but also the qualitative mysteries of culture and conduct risk.
Compliance Clarified covers the big challenges of the day and offers practical ideas for emerging good practice.
In this episode of Compliance Clarified, Randall Mikkelsen, managing editor for North America, is joined by Antonita Madonna, insurance correspondent for Regulatory Intelligence, explore the challenges new-style risks including natural disasters are posing for the insurance industry and U.S. insurance regulators.
Follow these links for more coverage by Regulatory Intelligence of the insurance aftermath of Hurricane Ian:
https://www.reuters.com/article/bc-finreg-low-flood-insurance-florida-hu/low-flood-insurance-uptake-in-florida-poses-tough-challenge-after-hurricane-ian-idUSKBN2RS1G2
The "Compliance Clarified" podcast series covers the wide range of topics which affect compliance officers in financial services firms.
The series has been designed to help compliance officers make sense of the often-challenging world of financial services regulation, which is now overlaid with expectations not found in the black and white of any rulebook. The role and remit of the compliance officer is ever-growing, and senior compliance officers have had to become polymaths, mastering not only detailed subject matter expertise but also the qualitative mysteries of culture and conduct risk.
Compliance Clarified covers the big challenges of the day and offers practical ideas for emerging good practice.