Robert T. Reville - Carrier Management

Growing Risk for SME Insurers: Duty to Defend Cats

Until recently, there was a relative lull in new mass tort events in the United States. This led to a sense among insurers that mass litigation was no longer the looming threat that it was in the ...

What Is the ‘Next Opioids’ and What Will It Mean for Casualty Insurance?

Opioids litigation, with over 2,000 cases brought by state and local governments against dozens of defendants including opioids manufacturers, retailers and distributors, is being closely watched by ...

Liability Long Tail Could Get Longer

One of the most challenging things about liability insurance is that claims on this year's policy might be made well into the future. If exposure to a chemical, product or business activity this year ...

‘Underwriting by Google’ Leads to Wrong Answers on Autism Drivers

A chief underwriting officer of one of the largest P/C insurers once said to us, "I don't know what the next asbestos will be, but it will be whatever causes autism." The rate of autism spectrum ...

Risks and Non-Risks in the Obesity Epidemic: Praedicat Analysis

Are the products used to build our buildings also making us fat? Are our diet sodas giving us cancer? As though it isn't hard enough to watch our diets, as insurers we have to worry about what it all ...

Latency Catastrophe and the Occurrence Form

Over the last 30 years, natural catastrophe modeling has transformed property insurance. When Hurricane Andrew devastated Florida in August 1992, seven domestic insurance companies and one foreign ...

The Next Frontier: Praedicat Soaring Into Liability Cat-Modeling Space

For insurers today, emerging risks are like comets were to the ancients: harbingers of doom of mysterious origin. The Romans thought the gods sent a comet to mark the passing of Julius Caesar. Today, ...