AAMGA execs assess industry's ability to cope with hurricanes

AS HURRICANE season gets into full swing, all segments of the insurance business are speculating about what may lie ahead and how the industry will respond. At the American Association of Managing General Agents’ annual convention, which was held in May on Maui, in the Hawaiian Islands, the issue dominated a press conference attended by the association’s executives. Those taking part were Francis Johnson, president of Johnson & Johnson Inc. in Charleston, S.C., who wrapped up his term at the meeting; Scott M. Anderson, CIW, CIC, CPCU, executive vice president of Concorde General Agency in Fargo, N.D., AAMGA’s new president; and Thomas K. Albrecht, president of The Barclay Agency in Montgomery, Ala., and the association’s president-elect. Also on hand was Bernd G. (“Bernie”) Heinze, Esq., AAMGA’s executive director. Following are their edited comments concerning hurricanes and other matters.

oOn the state of the market for property coverage in coastal areas, as a new hurricane season progresses.