CEO / Chief Executive
The 10 Do’s and Don’ts of the ORSA Summary Report
2015 marks the beginning of a new era of regulatory requirements for the insurance industry as many states have now adopted the Risk Management and Own Risk and Solvency Assessment ('ORSA') Model Act ...
Get Social, Look Forward to Innovate: Chubb Chief Innovation Officer Bidwell
Like any property/casualty insurer, Chubb Insurance faces the challenge to refresh its business with new ideas. But unlike a lot of its peers, the Warren, N.J.-based carrier has a chief innovation ...
Insurance Price Optimization: Lawyer’s Perspective
A major controversy is growing in the world of insurance regulation over price optimization. Regulators are becoming increasingly aggressive on the issue. Maryland, California, Ohio and New York have ...
Florida Bans Price Optimization; Insurers Question Definition
A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group ...
European Insurance Forum: Insurers Must Adapt Quickly to Multiple Changes
The long journey toward a unified regulatory system for insurance in the European Union—Solvency II—finally appears to be near its end. With that hurdle behind them insurers and reinsurers have ...
Insurers Launching Their Own VC Funds Need High Risk Tolerance: Novarica
In small but growing numbers, property/casualty and other insurers are launching in-house insurer accelerators or venture capital funds. Carriers must be clear on their ultimate goal and risk ...
State Auto Shareholders Officially Elect LaRocco as CEO
The shareholders of State Auto Financial Corporation elected Michael E. LaRocco as a director of the company at its 2015 annual shareholders meeting on Friday, also officially naming him as the next ...
Innovation Lessons From the Flock
There's fowl knocking at my kitchen door; an impatient staccato, it pauses, expectant like a breath held, then resumes. They know I am in here. I know what they want. The tapping pecks away at my ...