Underwriting
‘B’ Is for Behavioral: What Big Data Means for Insurance
Big data is one of the signature issues of our time—and also one of the more poorly understood. Discussions of the topic often are clouded by what I call the "two dogmas of big data." The first is ...
GEICO, Reinsurance Losses Drove Down Berkshire Hathaway’s Q2 Profit
Warren Buffett's Berkshire Hathaway Inc. said second-quarter profit missed analysts' estimates because higher claims costs fueled an underwriting loss at the insurance segment. Net income dropped 37 ...
Severe Floods Could Slam California Region With $24B in Damage: Lloyd’s of London
Severe flooding in an economically vital part of California's could cost more than $24 billion in damage, Lloyd's of London concludes in a new risk analysis of the state. What's more, climate change, ...
RSA’s Turnaround Shows Why Zurich Insurance May Want to Buy It
RSA Insurance Group Plc, the subject of a potential takeover bid by Zurich Insurance Group AG, reported a jump in first-half profit that beat analyst estimates and restored the interim dividend. ...
Objects In Mirror May Be Closer Than They Appear
I have a CD player in my relatively new luxury sports sedan. It plays five—or maybe six—CDs so I can be surrounded by music I choose and like all through even a reasonably long journey. Or maybe ...
P/C Insurers Still Struggle to Attract Younger Employees: A.M. Best Survey
The property/casualty insurance industry is meeting its hiring needs, but still struggling to attract younger employees and overcome its stodgy reputation, A.M. Best determined in a new survey. ...
AIG Expands Its Use of ILS Financing Into Mortgage Insurance
American International Group disclosed that it is expanding its already robust use of insurance linked securities into its mortgage insurance business. To do this, AIG's mortgage arm – United ...
ACE Launches Info Website in UK & Ireland For Employer Liability Clients
Ace Group developed a new website designed to give its employer liability clients in the U.K. and Ireland access to a wide range of data and services. The property/casualty insurance giant frames the ...