Content from Susanne Sclafane
Hunter to Retire as CFA Director of Insurance
The man who served as the conscience of the property/casualty insurance industry for nearly three decades is retiring from a long-held post as director of insurance for the Consumer Federation of ...
AM Best Answers Questions as DUAE; MGA Assessments Go Live
It is not a credit rating. It will not impact an insurer's financial strength rating. Those were two of the answers that AM Best analysts delivered yesterday in various presentations about the rating ...
The Bottom Line: The Early Read on 2021 P/C Earnings
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
AXIS Capital 2021: A Year of Repositioning
The word of the hour was "repositioning" during the earnings conference call for AXIS Capital last week, with the company reporting its bottom line in the black in 2021, following a net loss in 2020. ...
The Bottom Line: Earnings Reports for RLI, RenRe and AXIS Capital
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
Is It Time to Sell the Building? Financial, Risk Officers Struggle With Culture, Talent Issues
Even though representatives of Lloyd's of London prepared the world for the news last year, mid-January headlines prompted some stunned reactions. One of those headlines—"Lloyd's Weighs Future of ...
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
Why ADAS Drives Claims Severity Higher (It May Not Be What You Think)
When auto insurance executives talk about claims severity trends across the industry, a common theory they advance is that repairs on vehicles with expensive advanced driver-assistance systems ...