AM Best will participate in two sessions at the Independent Insurance Agents of Texas (IIAT) Joe Vincent Management Seminar, which will take place Jan. 28-30, 2024, in Austin, TX.

Speaking at the seminar will be Richard Attanasio, senior director, AM Best. He first will join a panel discussion, titled, “Cracking the Code: Navigating the Trends and Complexities of the Hard Market,” scheduled for Monday, Jan. 29, 2024, at 10:30 a.m.-noon (CST). The session will explore factors driving the hard market, including economic trends, environmental factors and evolving consumer needs, as well as the hard market’s impact on policy pricing and coverage availability.

Later in the same day, at 1:30 p.m. (CST), Attanasio will deliver a presentation on the headwinds that the U.S. property/casualty industry has experienced over the past 12-24 months. Topics during the session, titled “A Look at Recent Ratings Pressures: A Macro View From AM Best,” include the increased frequency and severity of secondary perils, reinsurance pricing and capacity trends, along with how these factors and others are impacting the operating performance, capital positions and credit ratings of insurance companies. Attanasio directs several teams of analysts who are responsible for monitoring and evaluating the ratings of regional and local insurers in the United States.

IIAT represents the interests of independent insurance agencies via advocacy, information, training business solutions, professional networking and market resources. This year’s annual seminar will take place at The Renaissance Austin Hotel in Austin. For more information, please view the IIAT event page.

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 www.ambest.com.

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