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Home>CORRECTING and REPLACING A.M. BestTV: Regulation a Hurdle to Innovation and Growing Burden to Mutuals, Say Execs

CORRECTING and REPLACING A.M. BestTV: Regulation a Hurdle to Innovation and Growing Burden to Mutuals, Say Execs

CORRECTING and REPLACING A.M. BestTV: Regulation a Hurdle to Innovation and Growing Burden to Mutuals, Say Execs

10/20/2017

CORRECTING and REPLACING A.M. BestTV: Regulation a Hurdle to Innovation and Growing Burden to Mutuals, Say Execs

In release dated October 4, 2017, the quote in the third paragraph should be attributed to Steven Linkous, president and chief executive officer, Hartford Mutual Insurance Company (instead of Munich Re America, Inc.).

The corrected release reads:

A.M. BestTV: REGULATION A HURDLE TO INNOVATION AND GROWING BURDEN TO MUTUALS, SAY EXECS

In this A.M.BestTV episode from the National Association of Mutual Insurance Companies (NAMIC) Convention, Denver, CO, executives said new standards for corporate governance, cybersecurity and international compliance are consuming more of their attention. Click on http://www.ambest.com/v.asp?v=namic4917 to view the entire program.

At this year’s convention, regulatory shifts are the hot topic.

“One of the biggest issues is the continued expansion on an international level of regulatory changes,” said Steven Linkous, president and chief executive officer, Hartford Mutual Insurance Company. “Although mutuals tend to be on a much smaller scale, these regulations ultimately trickle down and companies are impacted by them. Consequently, companies are looking to NAMIC to make sure it is defending its members from overly regulatory reaches, because ultimately it will cost us money and we can’t build and extend resources to our policyholders.”

For full coverage and exclusive executive interviews from the NAMIC convention, visit http://www.ambest.tv/namic17.

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