Underwriting
Farmers Insurance in California: HO Rates Up 1.5%; Bundlers Get 22% Discount
Farmers Insurance announced yesterday that the California Department of Insurance has approved the insurer's introduction of a new homeowners insurance rating plan, including elements from Insurance ...
Severe Convective Storm Losses Surge
Severe convective storms (SCS) were once referred to by the insurance market as a secondary peril. This classification has since changed to "frequency peril," as in recent years they drove over $50 ...
The Insurance Affordability Squeeze: Why Auto Carriers Are at an Inflection Point
For many drivers, auto insurance has quietly become one of the fastest‑rising household expenses—one they can no longer absorb without trade‑offs. A combination of more volatile weather, higher ...
Berkshire, Cyber Risk and the Strait of Hormuz: Insurability Hinges on Price
During the recent Berkshire Hathaway annual meeting, Chief Executive Officer Greg Abel told shareholders that the conglomerate's decisions on investments and acquisitions depend on several factors, ...
Travelers to Expand Homeowners Insurance Offering in California
The Travelers Companies said it intends to expand its homeowners insurance offerings across California. Travelers notified the California Department of Insurance it intends to expand homeowners ...
AIG Completes CEO Succession Plan; Anderson to Take Reins
American International Group Inc. made it official with an announcement today that Eric Anderson will become president and CEO on June 1. Most recently a member of Aon Plc's executive committee, ...
How Insurers Are Using AI to Manage Rising Catastrophic and Accumulation Risk
The insurance and reinsurance industry is facing a sustained increase in catastrophic and location‑based risks from extreme weather and natural catastrophes to political violence, terrorism and ...
How Leaders Can Maintain Humanity in the Modern Insurance Era
As artificial intelligence and automation become faster and more precise, insurance industry leaders are finding that the differentiator isn't just better technology but how the people behind the ...