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More PFAS Numbers: How Much Will It Cost?
A $165 billion high-range estimate of losses from PFAS litigation isn't the only number about cost burdens that casualty actuaries heard at the CAS Seminar on Reinsurance in June. Related article: ...
Raise a Glass to Cat Models: More California Hearing Deets
At a recent California Department of Insurance virtual public hearing, stakeholders were invited to weigh in on a regulatory proposal spelling out commitments insurers have to make in exchange for ...
The Golden Triangle of Technology
Three technologies are having a profound impact on how insurance can help manage and mitigate risk: Internet of Things (IoT) technology is supplying large amounts of risk data, often in real ...
No Need to Build Capacity in One Room: U.S. E&S Market vs. Lloyd’s
In an article published by Carrier Management, contributing author Greg Gaydos, a business development executive from Zywave, suggested that doing business with Lloyd's is an expensive proposition. ...
MGU-Carrier Relationships and AI
The NAIC's model bulletin on carriers' use of Artificial Intelligence Systems, adopted in December 2023, specifically sets out expectations that insurers will describe their processes for acquiring, ...
Definitions, Definitions: Advanced AI vs. AI
The definitions of artificial intelligence and machine learning used in the NAIC Surveys on Automobile and Homeowners over the last few years differ from the definitions set forth in the Model ...
NAIC’s AI Model Bulletin in Brief
Introducing the idea that regulators encourage the use of innovation and AI Systems while recognizing that such systems present unique risks, such as the "potential for inaccuracy, unfair ...
What’s in New York’s Latest AI Circular?
A month-and-a-half after the NAIC adopted a model bulletin on carriers' use of Artificial Intelligence Systems, the New York Department of Financial Services issued a circular letter on the "Use of ...