This year's America's Claims Event (ACE) will open with an address by Scott J. Kipper, Nevada Commissioner of Insurance.
In a pre-conference interview, Kipper said he plans to talk about how to operate in the current environment, looking from a fiscal and regulatory perspective, and what it all means for claims. “What's that old Chinese curse or blessing? 'May you live in interesting times.' With all the different dynamics right now in our regulatory world of state versus federal, the low interest environment, all the scrutiny on investment banks and banking, international versus domestic industry… there's just so much going on. It's completely fascinating.”
Kipper says the state is very focused on “rates and rate making … making sure those rates are fair not discriminatory.” Nature also presents challenges for the state: “Nevada is facing a significant wildfire season,” he states. “We've already had two major wildfires in the winter and we have another one in process right now.”
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