Latest news with #LeeMcDonald
Yahoo
18-03-2025
- Business
- Yahoo
AM Best Opens Public Voting for 2025 Student Challenge Competition
OLDWICK, N.J., March 18, 2025--(BUSINESS WIRE)--Public voting is now open for AM Best's 2025 Student Challenge, which gives undergraduate and graduate students the opportunity to develop innovative solutions for risk management and insurance. Members of the public are invited to vote for their favorite idea from among three finalists: A dynamic inventory management app for homeowners from Tausif Utchhash and Connor Donahue of the University of Akron. The proposed app would offer real-time assessments of personal property values and replacement costs to help homeowners maintain accurate inventories and coverage limits, while also providing claim submission. An insurance education tool for new and small businesses from Tom Budz of Florida State University. This idea would help small business owners understand their insurability before operations have begun. A tropical storm parametric microinsurance solution for Latin America and the Caribbean (LAC) from Hernán Burgos and Alexander Porte of UW-Madison – Wisconsin School of Business. This idea would provide coverage to low-income individuals and micro enterprises in LAC coastal regions using real-time meteorological data. View the students' presentations and vote on them from March 18 to April 4, 2025. The winner will be announced in Best's Review on June 1, 2025. "The students who participated in AM Best's 2025 Student Challenge impressed us with their thoughtful risk management and insurance solutions that, if implemented, could have a positive impact," said Lee McDonald, AM Best's senior vice president, publication & news services. "We appreciate their insight and innovation, which gives us optimism about the future of the insurance industry." AM Best's 2025 Student Challenge is a company initiative to support the development of new talent in the insurance industry. AM Best also provides an analytical development program. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Lee McDonald Senior Vice President, Publication & News Services +1 908 882 2102
Yahoo
05-03-2025
- Business
- Yahoo
Best's Review® Releases Digital Supplement on Captive Insurers
OLDWICK, N.J., March 05, 2025--(BUSINESS WIRE)--Best's Review magazine has released a new online supplement that explores the expansion of captive insurers around the globe. Read now. The supplement features stories on: Proposed changes to the Alternative Risk Transfer ratings criteria. How many single-parent captives are being repurposed for broader risks. How captives can be an efficient choice for enterprise risk management in hard markets. The flexibility and low capital needs of cell captives. In addition to providing expert insight from industry leaders around the globe, the supplement includes a ranking of the largest published, rated single-parent captive insurers in 2025. Information for the ranking is drawn from AM Best's BestLink® database, a powerful online platform that provides access to Best's Insurance Reports®, Best's Financial Suite and Best's Alert Service. Insurance associations and businesses related to or serving the captive industry can reach this audience by advertising in this supplement. Space is still available for those interested in appearing alongside expert coverage on captive insurers, or in any of our future digital supplements. To learn more, visit our 2025 advertising media kit or contact the advertising sales team at advertising_sales@ or +1 908 882 1706. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Lee McDonald Senior Vice President, Publication & News Services+1 908 882 Sign in to access your portfolio
