PAMIC News and Updates

We had a great turnout for our annual Mutual Insurance Days in Harrisburg this week!

Attendees had two busy days, beginning with networking and education from Michael Humphreys, Commissioner, PA Insurance Department, and a Federal Overview from Alex Gleason, AVP of Federal Affairs at National Association of Mutual Insurance Companies (NAMIC). 

Lisa Katterman and Natasha Romero provided PAMIC and PAMIC PAC updates, keeping everyone informed of the happenings and issues facing the industry. 

David Grenadier, Executive Director for Rep. Tina Pickett took the time to speak with the group about the work the House Insurance Committee is doing in Harrisburg.

Thank you to our PAMIC Government Affairs Committee and Committee Chair, Robert Dodds from Lititz Mutual Insurance Company for a great program. 

On Tuesday, attendees had the opportunity to have breakfast and meet with their legislators at the state capitol to represent PAMIC and their companies and inform them of the issues facing the insurance industry in today's world. 

Thank you to everyone who took the time to attend, present or visit-- we hope you enjoyed your time with us and look forward to next year's Mutual Insurance Day!

We are busy preparing for the upcoming 116th Annual PAMIC Convention!   We hope that you will join us August 6th-8th at the magical Nemacolin Resort in Farmington, PA.

Sponsorship opportunities for the Convention are now OPEN!  We have a variety of sponsorships available to feature your company throughout the convention.  Don’t wait- snag your favorite today!

Registration for attendees and exhibitor booths will be opening soon.  

Join us June 21st & 22nd for the PAMIC Leadership Symposium!  The beautiful Omni Bedford Springs Resort in Bedford, PA will host the annual event, featuring networking, education, fun and of course, a round of golf.

More information can be found on our event page.  Spaces are filling, sign up today!

Registration for the 2023 Mutual Insurance Day is now open!  Join us in Harrisburg May 1st and 2nd, meet with legislators and PAMIC members.  Register here. 

The full agenda for the upcoming Claims Summit in Gettysburg is now available here.  Don’t miss out on this great event, registration is open and spots are filling quickly.  We hope to see you there! 

Please see our event page to register for this annual legendary event.  This is the last year our event will be held in Gettysburg, PA, so take advantage of this opportunity to see the sites and visit favorite spots.  Hotel accommodations available and all hotel establishments WILL be OPEN for business!

Thanks to all of the members, sponsors and presenters who came out in record numbers to Hershey for the PAMIC Annual Spring Conference.  Special thanks to Tim Foy and our Education Committee who put together a don't-miss opportunity for our members to hear from experts in the industry and learn about these emerging issues:

Please join Adib Nassery, AM Best’s Senior Ratings Analyst, as he provides AM Best’s perspectives on the state of the mutual insurance industry, with an emphasis on market challenges, in light of persistently high inflation, reinsurance market pressures, and investment market volatility. The presentation will cover the segment outlooks for both the commercial and personal lines segments. Other major industry trends and their potential impact on ratings will be shared, with the opportunity for interactive audience participation. Adib Nassery, Senior Financial Analyst, AM Best

Trends in Property Reinsurance Learn from an insurance and reinsurance group of specialists about how data tools, limited capacity, and structure have caused a new look at Property. Also take a look at how the cumulative events and new emerging issues have impacted the markets. Moderated by: Panelists: Kevin Finn, CEO, Mutual Capital Analytics Tehya Duckworth, Property Underwriting Manager, Munich Re David Gautsche, CEO, Goodville John Stone, Senior Vice President, Gen Re

Parametrics: What is it & Does it Have a Place in the Mutual Space? This session will begin with the basic concepts of Parametrics, including how it works with natural catastrophic events and the use of statistical and numerical techniques to overlay a book of business. In addition, we will discuss examples of how one actually works with a trigger, underwriting & claims, distribution channels, and how it has been received by regulators. Moderated by: Panelists: Tim Foy, Beazley Group Steven Bar, Munich Re Scott Barry, Co-Founder, Bedrock LLC James Doona, Origination Executive, Munich Re Guillermo E. Franco, Managing Director, Global Head of Cat Risk Research, Guy Carpenter

Cyber Coverage Trends & Data Risk Panel Join a panel of experts as they discuss current trends in cyber coverage and data risk. Topics covered will include underwriting coverage, emerging issues, new tools to track, and commercial entities at risk. The session will also include ways small businesses can become eligible for cyber coverage and maintain best practices. Panelists: Moderated by: Robert Pignataro, Ultimate Risk Services Tim Foy, Beazley Group Frank Fazio, Ultimate Risk Services Tim Walters, NetDiligence C. Chandler Harris, Mullin & Coughlin

The Roller Coaster Ride in Insurance The P&C insurance industry has experienced volatility that has not been seen for several decades. Carriers are confronted with challenges on all fronts including inflation, labor, catastrophe, reinsurance and equity markets, impacting the way they hire and manage their talent pool. This session will explore how companies can succeed in this changing environment. Jeff Rieder, Partner, AON

 Annual Spring Conference March 9, 2023 – The Hershey Lodge – Hershey, PA Upcoming PAMIC Events April 18-19: Claims Summit May 1-2: Mutual Insurance Day June 21-22: Leadership Symposium  

We have been notified that a number of our subscribers have received phishing emails from scammers pretending to sell attendee lists in relation to the Pennsylvania Association of Mutual Insurance Companies (PAMIC) events. Please note that PAMIC DOES NOT sell contact lists for our events and will only ever distribute these listings to exhibitors, sponsors, and attendees. PAMIC takes information security very seriously and asks that you also be vigilant in order to prevent fraud and to help protect our common interests. 

Here are a few precautions to consider:  

• Confirm the sender’s identity before replying to email requests and before opening attachments or clicking on links, even if they appear to come from a legitimate source.  

• Consult your Information Technology department about any phishing attempts.  

• Contact us to validate communications originating from PAMIC. Here is an example of a fraudulent email request. (Note the lack of punctuation and missing PAMIC.org email address.) 

From: lisa.julia.us1@gmail.com

Hi,

Wishing you all the best for PAMIC Annual Spring Conference Attendees List-2023!

Would you be interested in acquiring the potential attendee profiles (PAMIC Annual Spring Conference Leads-2023)

If you are Interested? Just reply back as “Send counts and cost”

Regards,

Julia Lisa 

Marketing Specialist

If you have any questions or concerns, please contact PAMIC. Thank you for your vigilance.

Lisa Katterman

PAMIC, President

It is with mixed emotions that we share Brittany Bargo, Director of Communications and Technology, has been presented with a fantastic opportunity and will be leaving PAMIC beginning February 14. Britt is an integral part of the PAMIC team, and her absence will be felt. As Director, Communications and Technology, Britt figuratively and literally kept the motors running here and has helped move the needle for PAMIC into the digital age. Through her direction, leadership, and relationships, Britt has brought tremendous value to PAMIC members for over her four years. Britt has assisted greatly in training and orientation, and her unique skills will make her shoes hard to fill. Please help us wish Britt well as she embarks on her new role, although she will be missed by many.  

Connect with Britt