|Event Date||Tue Mar 19 EDT (over 2 years ago)|
Self-Insurance and Reinsurance is a program designed to help explain some of the more technical aspects of the insurance industry, including so called "alternative risk" programs and reinsurance, an underpinning of the broader property and liability insurance industry. This webinar will start by reviewing typical language for insurance requirements and how borrowers use different forms of self- insurance to meet these requirements. We then analyze various self-insurance options that meet or don't meet these requirements. We will focus on the use of large deductibles for blanket polices; formal self- insurance programs; captive insurers; fronted programs; and, risk retention groups.
We will discuss the use of so called "TRIA captives" that borrowers use to insure their Terrorism exposures using reinsurance in many cases. The webinar will then turn to the subject of reinsurance which is essentially the insurance of insurance companies. Different types of reinsurance will be described and how reinsurance is used to support alternative risk transfer options and the insurance industry in general.
Who Should Attend?
Loan closers, servicers and others concerned with insurance matters, such as attorneys and consultants who work within the real estate industry.
Bernard M. ("Bernie") Brown
CPCU, CLU, and President, Insurance Advisors LLC