COMMUNITY
CORNER
Atlas Offers Insurance Seminar to AOAOs Atlas brought together the leading AOAO insurance carriers for an in-depth panel discussion regarding the hardening insurance market. The panel featured Michael Mitsuka, mid-corporate underwriting director at Allianz GCS; Thomas Luczak, commercial lines underwriting manager at DB Insurance; and Kevin Kurosu, vice president at First Insurance Company of Hawaii. The panel discussion was geared toward property managers and community association boards of directors. The discussion highlighted the climate of the insurance marketplace, which products are seeing sharp increases and how carriers themselves are adjusting to the hardening market. Each carrier was allotted 15 minutes to speak about their company, which included details about the company’s history, the company’s financial strength, the risk appetite (the type of properties their company insures) and an overview of their claims process. The carriers provided a well-rounded picture of the insurance industry and the current trends community associations are seeing. The last 90 minutes of the seminar was dedicated to a live Q&A discussion, with questions fielded directly from the audience. Each carrier took turns answering a variety of general Insurance 101 questions, explaining how the insurance industry functions on a global scale, and detailing the reinsurance market to explain how reinsurance carriers insure the traditional insurance carriers consumers rely on. ❖
46 BUILDING MANAGEMENT HAWAII | APRIL 2020
Michael Mitsuka
Thomas Luczak
Kevin Kurosu