<br /> Asset Management: Former FIO Head: London Marine Market Insurers Respond to<br /> Taking a Different Path Ten Years Post-Crisis Hits Rough Seas Gun Violence<br /> Page 24 Page 42 Page 52 Page 66<br /> $ECEMBERs6OLUMEs)SSUE WWWBESTREVIEWCOM<br /> A.M. BEST'S MONTHLY INSURANCE MAGAZINE<br /> Opening<br /> The<br /> Floodgates<br /> As the federal government<br /> opens the flood market to<br /> private insurers, the industry<br /> speaks about the risks, the<br /> need for more data and the<br /> way forward. Page 33<br /> THANK YOU<br /> We would like to thank<br /> our sponsors who<br /> made the 2018 Katie<br /> Schoo<a title="BR_December_2018_ZMAGS page 1" href="http://viewer.zmags.com/publication/6d7d7a26?page=1"> Asset Management: Former FIO Hea</a> <a title="BR_December_2018_ZMAGS page 2" href="http://viewer.zmags.com/publication/6d7d7a26?page=2"> THANK YOU We would like to thank our sponsors </a> <a title="BR_December_2018_ZMAGS page 3" href="http://viewer.zmags.com/publication/6d7d7a26?page=3"> Water, Water, Everywhere From the Editor's Desk:</a> <a title="BR_December_2018_ZMAGS page 4" href="http://viewer.zmags.com/publication/6d7d7a26?page=4"> ON THE COVER Contents FLOOD INSURANCE 33 Openin</a> <a title="BR_December_2018_ZMAGS page 5" href="http://viewer.zmags.com/publication/6d7d7a26?page=5"> We believe every customer deserves person-to-pers</a> <a title="BR_December_2018_ZMAGS page 6" href="http://viewer.zmags.com/publication/6d7d7a26?page=6"> Contents 45 Rating Return 56 Art Lessons MEASUR</a> <a title="BR_December_2018_ZMAGS page 7" href="http://viewer.zmags.com/publication/6d7d7a26?page=7"> SOS Is your organization treading water operation</a> <a title="BR_December_2018_ZMAGS page 8" href="http://viewer.zmags.com/publication/6d7d7a26?page=8"> Reinventing Distribution A.M. Best Webinars A.M</a> <a title="BR_December_2018_ZMAGS page 9" href="http://viewer.zmags.com/publication/6d7d7a26?page=9"> Insurtech Growth and Interest in Weather A.M.Bes</a> <a title="BR_December_2018_ZMAGS page 10" href="http://viewer.zmags.com/publication/6d7d7a26?page=10"> A.M. Best TV & Radio C hesley Williams, senior </a> <a title="BR_December_2018_ZMAGS page 11" href="http://viewer.zmags.com/publication/6d7d7a26?page=11"> Olympic Medalist Shannon Miller to Give Keynote P</a> <a title="BR_December_2018_ZMAGS page 12" href="http://viewer.zmags.com/publication/6d7d7a26?page=12"> Aetna/CVS Merger Affects Execs Executive Changes</a> <a title="BR_December_2018_ZMAGS page 13" href="http://viewer.zmags.com/publication/6d7d7a26?page=13"> Chubb Names President of Bermuda Division Judy G</a> <a title="BR_December_2018_ZMAGS page 14" href="http://viewer.zmags.com/publication/6d7d7a26?page=14"> Executive Changes Chief Information Officer Mark</a> <a title="BR_December_2018_ZMAGS page 15" href="http://viewer.zmags.com/publication/6d7d7a26?page=15"> Agents' Concerns Best's Review recently asked re</a> <a title="BR_December_2018_ZMAGS page 16" href="http://viewer.zmags.com/publication/6d7d7a26?page=16"> Brand New Day Insurance Marketing Now Is the Ti</a> <a title="BR_December_2018_ZMAGS page 17" href="http://viewer.zmags.com/publication/6d7d7a26?page=17"> A Mixed Bag Experts from the insurance industry d</a> <a title="BR_December_2018_ZMAGS page 18" href="http://viewer.zmags.com/publication/6d7d7a26?page=18"> A Global Conversation “ I f you don't have a </a> <a title="BR_December_2018_ZMAGS page 19" href="http://viewer.zmags.com/publication/6d7d7a26?page=19"> A New Focus As post-millennials enter the workfo</a> <a title="BR_December_2018_ZMAGS page 20" href="http://viewer.zmags.com/publication/6d7d7a26?page=20"> Regulatory Update Retirement savings and risk In</a> <a title="BR_December_2018_ZMAGS page 21" href="http://viewer.zmags.com/publication/6d7d7a26?page=21"> Maximizing Analytics Simple tools can produce sig</a> <a title="BR_December_2018_ZMAGS page 22" href="http://viewer.zmags.com/publication/6d7d7a26?page=22"> Risk Adviser Friends for Life Studies consistent</a> <a title="BR_December_2018_ZMAGS page 23" href="http://viewer.zmags.com/publication/6d7d7a26?page=23"> Sustainability Insurers must recognize the financ</a> <a title="BR_December_2018_ZMAGS page 24" href="http://viewer.zmags.com/publication/6d7d7a26?page=24"> Regulatory/Law Fire on Water Shipboard fires are</a> <a title="BR_December_2018_ZMAGS page 25" href="http://viewer.zmags.com/publication/6d7d7a26?page=25"> Strategic Insight Powered by A.M. Best The fina</a> <a title="BR_December_2018_ZMAGS page 26" href="http://viewer.zmags.com/publication/6d7d7a26?page=26"> Asset Management The Long & Winding Steve Fried</a> <a title="BR_December_2018_ZMAGS page 27" href="http://viewer.zmags.com/publication/6d7d7a26?page=27"> that that variety of experiences has positioned m</a> <a title="BR_December_2018_ZMAGS page 28" href="http://viewer.zmags.com/publication/6d7d7a26?page=28"> Asset Management growing domestic business. </a> <a title="BR_December_2018_ZMAGS page 29" href="http://viewer.zmags.com/publication/6d7d7a26?page=29"> “We tend to see things coming that we want to be </a> <a title="BR_December_2018_ZMAGS page 30" href="http://viewer.zmags.com/publication/6d7d7a26?page=30"> Asset Management “Steven's role reflects the nat</a> <a title="BR_December_2018_ZMAGS page 31" href="http://viewer.zmags.com/publication/6d7d7a26?page=31"> ILS Wrapup Insurance-Linked Securities ILS Berm</a> <a title="BR_December_2018_ZMAGS page 32" href="http://viewer.zmags.com/publication/6d7d7a26?page=32"> that Bermuda offers.Then as they graduate, and bu</a> <a title="BR_December_2018_ZMAGS page 33" href="http://viewer.zmags.com/publication/6d7d7a26?page=33"> kept hearing,“Oh, the next big loss, capital will</a> <a title="BR_December_2018_ZMAGS page 34" href="http://viewer.zmags.com/publication/6d7d7a26?page=34"> Insurance-Linked Securities Do you see companies</a> <a title="BR_December_2018_ZMAGS page 35" href="http://viewer.zmags.com/publication/6d7d7a26?page=35"> Flood Insurance M a</a> <a title="BR_December_2018_ZMAGS page 36" href="http://viewer.zmags.com/publication/6d7d7a26?page=36"> Flood Insurance can be extensive. It can be so w</a> <a title="BR_December_2018_ZMAGS page 37" href="http://viewer.zmags.com/publication/6d7d7a26?page=37"> participating in the WYO program. Insure</a> <a title="BR_December_2018_ZMAGS page 38" href="http://viewer.zmags.com/publication/6d7d7a26?page=38"> Flood Insurance “I think the industry at large i</a> <a title="BR_December_2018_ZMAGS page 39" href="http://viewer.zmags.com/publication/6d7d7a26?page=39"> flood zone, are you in a one-foot flood or are yo</a> <a title="BR_December_2018_ZMAGS page 40" href="http://viewer.zmags.com/publication/6d7d7a26?page=40"> Homeowners Insurance Plugging The Non-weather</a> <a title="BR_December_2018_ZMAGS page 41" href="http://viewer.zmags.com/publication/6d7d7a26?page=41"> up property claims. Non-weather-related wate</a> <a title="BR_December_2018_ZMAGS page 42" href="http://viewer.zmags.com/publication/6d7d7a26?page=42"> Homeowners Insurance Water damage doesn't garner</a> <a title="BR_December_2018_ZMAGS page 43" href="http://viewer.zmags.com/publication/6d7d7a26?page=43"> Coverage for water damage follows a general </a> <a title="BR_December_2018_ZMAGS page 44" href="http://viewer.zmags.com/publication/6d7d7a26?page=44"> Regulation Ten Years Post-Crisis The former Fede</a> <a title="BR_December_2018_ZMAGS page 45" href="http://viewer.zmags.com/publication/6d7d7a26?page=45"> Second, the country needed someone </a> <a title="BR_December_2018_ZMAGS page 46" href="http://viewer.zmags.com/publication/6d7d7a26?page=46"> Regulation “As a country, we are much better pos</a> <a title="BR_December_2018_ZMAGS page 47" href="http://viewer.zmags.com/publication/6d7d7a26?page=47"> Rating Measuring Profitability Return Return on</a> <a title="BR_December_2018_ZMAGS page 48" href="http://viewer.zmags.com/publication/6d7d7a26?page=48"> Measuring Profitability “If the industry do</a> <a title="BR_December_2018_ZMAGS page 49" href="http://viewer.zmags.com/publication/6d7d7a26?page=49"> “Return on equity is particularly important for l</a> <a title="BR_December_2018_ZMAGS page 50" href="http://viewer.zmags.com/publication/6d7d7a26?page=50"> Measuring Profitability “ROE is an important </a> <a title="BR_December_2018_ZMAGS page 51" href="http://viewer.zmags.com/publication/6d7d7a26?page=51"> automobiles and devices.And in May, it closed on </a> <a title="BR_December_2018_ZMAGS page 52" href="http://viewer.zmags.com/publication/6d7d7a26?page=52"> Measuring Profitability We aggregate risk i</a> <a title="BR_December_2018_ZMAGS page 53" href="http://viewer.zmags.com/publication/6d7d7a26?page=53"> entities, we can get that dollar of earnings up t</a> <a title="BR_December_2018_ZMAGS page 54" href="http://viewer.zmags.com/publication/6d7d7a26?page=54"> Marine Insurance Rough Seas A perfect storm of b</a> <a title="BR_December_2018_ZMAGS page 55" href="http://viewer.zmags.com/publication/6d7d7a26?page=55"> Key Points Stormy Weather: Excess capacity, decl</a> <a title="BR_December_2018_ZMAGS page 56" href="http://viewer.zmags.com/publication/6d7d7a26?page=56"> Marine Insurance “Regional markets are typically</a> <a title="BR_December_2018_ZMAGS page 57" href="http://viewer.zmags.com/publication/6d7d7a26?page=57"> While rates continued to decline during the </a> <a title="BR_December_2018_ZMAGS page 58" href="http://viewer.zmags.com/publication/6d7d7a26?page=58"> Inland Marine Art Lessons Inland marine experts </a> <a title="BR_December_2018_ZMAGS page 59" href="http://viewer.zmags.com/publication/6d7d7a26?page=59"> Inland Marine FRANCE ART THEFT: Vjeran Tomic (pi</a> <a title="BR_December_2018_ZMAGS page 60" href="http://viewer.zmags.com/publication/6d7d7a26?page=60"> Inland Marine industry.When we talk about the cu</a> <a title="BR_December_2018_ZMAGS page 61" href="http://viewer.zmags.com/publication/6d7d7a26?page=61"> Are You Getting the Insurance Data You Need? Los</a> <a title="BR_December_2018_ZMAGS page 62" href="http://viewer.zmags.com/publication/6d7d7a26?page=62"> Inland Marine They're two completely separa</a> <a title="BR_December_2018_ZMAGS page 63" href="http://viewer.zmags.com/publication/6d7d7a26?page=63"> Best's Insurance Reports® Gives You a Panoramic V</a> <a title="BR_December_2018_ZMAGS page 64" href="http://viewer.zmags.com/publication/6d7d7a26?page=64"> Best's Rankings A.M. Best Data Top 25 U.S. Ocea</a> <a title="BR_December_2018_ZMAGS page 65" href="http://viewer.zmags.com/publication/6d7d7a26?page=65"> Top 25 U.S. Fire and Allied Writers 2ANKEDBYDIREC</a> <a title="BR_December_2018_ZMAGS page 66" href="http://viewer.zmags.com/publication/6d7d7a26?page=66"> U.S. Fire and Allied Lines - Top Writers by State</a> <a title="BR_December_2018_ZMAGS page 67" href="http://viewer.zmags.com/publication/6d7d7a26?page=67"> Leverage an unmatched understanding </a> <a title="BR_December_2018_ZMAGS page 68" href="http://viewer.zmags.com/publication/6d7d7a26?page=68"> Active Shooter A Response to Tragedy Photo Cred</a> <a title="BR_December_2018_ZMAGS page 69" href="http://viewer.zmags.com/publication/6d7d7a26?page=69"> The insurance industry is creating new policies d</a> <a title="BR_December_2018_ZMAGS page 70" href="http://viewer.zmags.com/publication/6d7d7a26?page=70"> Active Shooter “With the changing face of terror</a> <a title="BR_December_2018_ZMAGS page 71" href="http://viewer.zmags.com/publication/6d7d7a26?page=71"> “The traditional coverage required a lawsuit. Thi</a> <a title="BR_December_2018_ZMAGS page 72" href="http://viewer.zmags.com/publication/6d7d7a26?page=72"> Active Shooter “I think that a comprehensive app</a> <a title="BR_December_2018_ZMAGS page 73" href="http://viewer.zmags.com/publication/6d7d7a26?page=73"> Charting a Path to Property/Casualty Innovation </a> <a title="BR_December_2018_ZMAGS page 74" href="http://viewer.zmags.com/publication/6d7d7a26?page=74"> What A.M. 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