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: ...

P/C Insurer CFO Viewpoints on PFAS

PFAS was a hot topic at the recent Casualty Actuarial Society Seminar on Reinsurance in June. But at a separate meeting held around the same time—the S&P Global Ratings 40th Annual Insurance ...

Judgment Day

In May 2022, a judge at the U.S. District Court in Texas ruled that IBM had breached a 2015 licensing agreement signed with a competitor, BMC Software Inc., awarding BMC more than $1.6 billion in ...

Insurance Middle Managers Speak Out

Often forgotten and overlooked when business is humming, the middle manager is typically the first to go when companies, including P/C insurers, decide to downsize. In a related article, "Middle ...

Middle Manager Is the Middle Child

The middle child breaks up fights, mediates disputes, and smooths the differences between older and younger siblings. They carry the weight of family responsibilities and often don't get the ...

Transactional vs. Transformational Leaders

Most insurance organizations are run by left-brain, rational, transactional leaders. Many are actuaries, underwriters, lawyers and former business line leaders. And that can be a good insurance ...

Change Management Best Practices for P/C Insurers

In the property/casualty insurance industry, AI's ability to analyze vast datasets to evaluate risk is a game-changer. It enables insurers to price policies more accurately, reduce quote turnaround ...

The Future of Reserving Is…Complicated

Reserving is, on the face of it, one of the simpler elements of actuarial science (once companies get past the nuances of triangular data tables). They look at the way things behaved in the past and ...