2002 Seminar on Ratemaking General Session  


The Impact of Terrorism on the P&C Marketplace

The terrorist attacks of September 11 have affected all of us both personally and professionally. The property/casualty insurance marketplace has experienced a number of significant changes including changes in availability and affordability in many markets, higher reinsurance costs, and a move to increased federal involvement in insurance.

This session will focus on some of the myriad of changes to the property/casualty insurance landscape as a result of the events of September 11 and how the industry is dealing with them. Emphasis will be placed on those issues impacting insurance coverages, rates, and regulation. Insurance company, regulatory, rating agency, and agency/brokerage perspectives will be represented. The opportunity for audience participation will also be provided.

Moderator:
Gregory Vass, American Academy of Actuaries

Panelists:
James Bonica, Marsh & McLennan, Inc.
Greg Doyle, Guy Carpenter & Company, Inc.
John R. Pedrick, Ohio Department of Insurance


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