Risks to Watch: Rising Lumber Costs, Solar Flares, Underground Climate Change
The risk landscape is seemingly ever-expanding. While the insurance industry faces the familiar — yet more costly — severe weather activity, there may be new risks ...
Features
Ending Polarization and Building Future Leaders: Travelers CEO
Challenges facing today's business leaders include keeping pace with rapid change, the leader of Travelers said recently while also going out of his way to cast light on a serious obstacle to forward ...
Organizing for Action: The Board of Directors in the AI-Powered Insurer
Financial services technologies come and go. Useful shiny objects become standard operating procedure. How quickly and effectively an insurer makes this transition ...
Piercing Through Rain, Smoke and Fog: How Radar Satellites See Catastrophes
The integration of new technologies into the claims ecosystem is gathering pace as insurance and reinsurance organizations seek to enhance both the speed and accuracy of payments. One example is the ...
Interim Value: What Executive Departures Mean for P/C Insurers
It may not be a trend, but it is nonetheless interesting that several insurance companies in recent months have announced the appointments of interim CEOs. Just when you ...
Meet Your New Employee: Advanced AI
Much of the discussion around how to manage the advanced forms of artificial intelligence—machine learning, generative AI, large language models—deals with them only as technologies. This is a ...
Calculating Targeted California Returns on Surplus
The National Association of Insurance Commissioners (NAIC) 2022 Report on Profitability by Line and by State provides a comparison of the rates of return on net worth for the last 10 years (through ...
Permitted After-Tax Returns for California Insurers (2012-2021)
Since reinsurance costs are ultimately a substitute for direct costs of capital, we can better understand the ratemaking process in California by understanding how companies are allowed to ...
Rebuilding the California Property Market: Reinsurance Costs and Recent Reforms
In November of last year, Allstate paused writing new homeowners policies in California. State Farm, the state's largest homeowners writer, stopped accepting new applications for insurance back in ...