Best’s Review Looks at Risk from Different Angles in its April 2019 Issue
OLDWICK, N.J.--(BUSINESS WIRE)--Apr 1, 2019--The April issue of Best’s Review focuses on risks. Both property/casualty and life insurers face risks as they enter into the cannabis market. Growth Industry examines risks property/casualty insurers face as states across the country move to legalize cannabis, but it remains illegal under federal law–putting insurers and risk managers in a bind and leaving cannabis-related businesses underserved. A Green Shift looks at life insurers’ attitudes toward marijuana. As it gains mainstream acceptance, some carriers are reevaluating their underwriting protocols to cover the needs of recreational and medical users.
The April issue of Best’s Review also examines the risks involved with various approaches to active shooter situations and their impact on insurers and underwriters. Studying Options describes the results of a published peer-reviewed study that showed evacuating and fighting back in an active shooter situation were more effective over a traditional lockdown response. Conversely, In Support of Lockdown argues against this approach as it creates a high-risk and high liability proposition with school age children, creating a target-rich environment. Whichever response protocol is chosen, however, has to be taught correctly for it to be effective. Insurers need to closely assess the types of training programs their insureds are using to prepare and respond to active shooter incidents when underwriting schools and businesses, as explained in No Easy Answers.
Wish List shares feedback from risk managers about what they are looking for from their insurers.
Full access to all content of Best’s Review is available at www.bestreview.com.
AM Best is a trusted source of insurance market insight and data, and the only global credit rating agency with a unique focus on the insurance industry. Best’s Credit Ratings are a recognized indicator of insurer financial strength and creditworthiness. Visit http://www.ambest.com for more information.
Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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CONTACT: Patricia Vowinkel
Executive Editor, Best’s Review®
+1 908 439 2200, ext. 5540
KEYWORD: UNITED STATES EUROPE NORTH AMERICA NEW JERSEY
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE
SOURCE: AM Best
Copyright Business Wire 2019.
PUB: 04/01/2019 11:51 AM/DISC: 04/01/2019 11:51 AM