Underwriting
Actuarial Analysis of Automated Vehicles: How Much Premium Discount Is Justified?
The advent of automated vehicles (AVs) has been variously described as a cultural watershed moment that will change society in deep and meaningful ways, or as an overhyped flavor of the day—and ...
WCIRB: Calif. Workers Comp Written Premium to Be Down Again This Year
Lower workers compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers Compensation Insurance Rating Bureau. That revelation is ...
Lessons From the 2017 Atlantic Hurricane Season: Open Models, Real-Time Tracking Are Valuable Tools
Open models and tools to track hurricanes in real time can help boost modeling accuracy and aid the claims process after storms, according to a new Karen Clark & Co. analysis of the 2017 Atlantic ...
Carriers’ Slow Adoption of Digital Tech Hampers Agents’ Push to Do the Same
Insurance carriers' slow pace in adopting digital technology is hampering agents' push to do the same, according to a new industry survey from the Insurance Digital Revolution Initiative. The IDR ...
Wells Fargo Settles Phony Bank Account Scandal for $142M
Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening ...
Insurers May Not See Revenue Plunge With Driverless Car Advance
It turns out robots need insurance too. As driverless vehicles reduce car ownership in coming years, insurers may not face the Armageddon that had been predicted, new research shows. "We do not ...
Fitch Blames Homeowners Insurance Losses for Dinging Personal Lines Results in 2017
Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There's a twist, however. In the three years prior to 2017, personal automobile ...
Q1 Loss Ratios Unsustainably High for InsurTech Carriers Root and Metromile
Considering differences in "share of voice" commanded by InsurTechs Lemonade and Root, a surprise of first-quarter 2018 is the fact that the Columbus, Ohio-based Root has squeezed past Lemonade in ...