A.M.BestTV: Insurers Examine Impact of Concussion Risk

OLDWICK, N.J.--(BUSINESS WIRE)-- This episode of A.M.BestTV looks at highlights of a recent webinar where a panel of legal, medical and insurance professionals explore how concussions are changing the way high school, college and amateur sports are being looked at, coached and insured. Click on http://www.ambest.com/v.asp?v=concussions515 to view the video program.

James Decker, vice president of the commercial lines division at Philadelphia Insurance Companies, described the impact concussions have on the insurance industry as still unknown. He said concussions are changing the way insurers look at risk, specifically in higher-contact sports. When underwriting schools, Decker said, “The first thing you’re looking for is concussion awareness.” He said there should be a concussion management program training place for educating staff and volunteers for the signs of concussions.

Allan D. Goulding, an attorney with Curtin & Heefner LLP, explained the legal ramifications in two particular areas: state capitols and courtrooms. “In the capitols, we’re seeing legislation being passed in almost every state to try to assess and to the extent possible, minimize head injuries. In the courtroom, what we see are the concerns about the catastrophic injuries that can result in the crippling damage awards,” he said.

Webinar panelists also include:

• AJ Morgan, area senior vice president, RPS Bollinger Sports & Leisure

Click on http://www.bestreview.com/webinars/concussion15 to view the entire webinar.

Recent episodes of A.M.BestTV include:

• ‘First Monday’: Medical Professional Liability Insurers Keep Momentum Going: Senior Financial Analyst Dan Teclaw discusses how the medical professional liability insurers that A.M. Best follows recorded a ninth straight year of underwriting profit in 2014: http://www.ambest.com/v.asp?v=mpli515
• ‘First Monday’: Insurer Pessimism on a 2015 Interest Rate Hike Increasing, A.M. Best Survey Finds: Commentary on a recent A.M. Best survey of U.S. insurance companies on asset allocations, competition, capital management, enterprise risk management and interest rates: http://www.ambest.com/v.asp?v=fmsurvey515 .
• ‘First Monday’: International Association of Insurance Supervisors Urged to Take Time on Insurance Capital Standards Work: The International Association of Insurance Supervisors’ development of international capital standards and the time frame for their adoption: http://www.ambest.com/v.asp?v=fmcapital515 .
• Industry Leaders Examine Katrina's Impact on Today's Market: The annual Risk & Insurance Management Society Inc.’s conference in New Orleans, LA, wraps up with a panel discussion on the lasting impact of Hurricane Katrina 10 years later: http://www.ambest.com/v.asp?v=rims1515. View all wrap-ups and interviews from the event at http://www.ambest.com/rims2015.

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

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

A.M. Best Company
Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Publication and News Services
[email protected]

Source: A.M. Best Company

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