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A.M. BestTV: United States Needs Disaster Policy, Say NAMIC Executives

July 13, 2018

OLDWICK, N.J.--(BUSINESS WIRE)--Jul 13, 2018--In this A.M. BestTV episode, Chuck Chamness, president and chief executive officer, and Jimi Grande, senior vice president, both of the National Association of Mutual Insurance Companies (NAMIC), said the U.S. government’s response to disasters has been inconsistent and driven by politics. Click on http://www.ambest.com/v.asp?v=chamnessgrande618 to view the entire program.

Chamness and Grande said they believe that focusing on resilience and establishing a policy would substantially help to solve the problem.

“Today too often, we have situations like post-Superstorm Sandy where we have a regional group of state delegations from the affected area asking us to help them rebuild,” said Chamness. “When that happens, you then have a federal response organized through Congress and done through a special appropriation, which is very political, not very well-planned and often very wasteful.”

“Presently, we are working with Washington to try to start to shift some of their resources from post-disaster to pre-disaster,” said Grande. “We could have places that were devastated, like Houston and Rockport, rebuild using modern science and techniques to survive storms, as well as mitigate the amount of damage and the loss of life and property.”

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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 is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180713005436/en/

CONTACT: A.M. Best

Lee McDonald, +1 908-439-2200, ext. 5561

Group Vice President, Publication and News Services

lee.mcdonald@ambest.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE

SOURCE: A.M. Best

Copyright Business Wire 2018.

PUB: 07/13/2018 02:30 PM/DISC: 07/13/2018 02:31 PM

http://www.businesswire.com/news/home/20180713005436/en

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