The International Association of Claim Professionals (IACP) hosted its Annual U.S. Regional Conference on Thursday, June 1st at the Union League Club in Midtown Manhattan. Co-chaired by Edward Quinn, President, and Catherine Kalaydjian, IACP Director Corporate Development and IACP Past President, working closely with other committee members, Marc Karnell, Chuck Kroh, Corinne Kruse, John LaCava, Frank Nicoletti, and Rich Traub. The conference was again well attended by well over 100 participants and supported by a cast of industry leading professionals.
The Keynote speaker featured Dante Alighieri Disparte, Founder and CEO, Risk Cooperative, highlighting the instrumental role and opportunities that our industry can provide in dealing with the evolving world of risk throughout the world. Closing the conference on a positive note, discussing the convergence of man-made and natural risks and how the industry can more boldly address the concept of resilience, through innovation at all levels of risk, using analytics and creativity to deal with the known unknowns and the more “scary”, citing possible pandemics such as Zika and Ebola as well as the 2003 power outage in the northeast U.S.
The introductory speaker featured, Mark Dombroff, lawyer with Dentons. U.S., who riveted the audience with gripping stories and videos of several aviation disasters that he worked on, clearly demonstrating some useful object lessons that apply to claims handling overall. Who will not remember, “have you ever walked on the moon?” Carl Hedde, Head of Risk Accumulations, Munich Re America, raised the bar on being weather ready in addressing resiliency in fortified construction. Tracey Haley, ACP and Director, Surety & Financial Claims at Zurich N.A., provided an insightful perspective on the tripartite of Surety Claims, including some successes, some awful actors and those that just become ugly with each other. The afternoon began with a panel discussion on the volatility of Securities Class Actions, moderated by Heather Fox, General Counsel, ARC Excess and Surplus and panel members, Peter Critchell, VP, D&O Financial Lines Claims at AIG and Laurence Rosen of The Rosen Law Firm, discussing defend vs. settlement, dealing with the effects of the marketplace and the aggressive plaintiff’s bar. These were followed by two technology based presentations on BlockChain, by Christopher Grant McDaniel, of Deloitte Consulting and Digital Security and Cyber exposures by Jonathan Nguyen-Duy, VP at Fortinet. They both made it very clear that new technology is not only the next wave, but is sure to change the way we do business and the create new exposures for all of us.
We wish to thank all those who participated and those that attended in helping make this year’s conference another huge success. Look forward to seeing everyone in Bermuda, September 24-27, 2017 for the IACP Annual Meeting.