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Unlock Commercial Underwriting Precision with CL VIN Decode
The commercial auto industry is facing profitability challenges now more than ever. A hard market, increased risky driving behavior,[1] and rising social inflation costing over $20 billion in the ...
The Care and Feeding of Property-Catastrophe Models
A wise statistician once said: "All models are wrong, but some are useful." The key to getting useful (accurate) model results is working with models that fit specific underwriting needs and making ...
The Long Tail: Aftermath of Disaster
While I was doing research for this edition, I came across these paragraphs, written by one of the leaders of a technology company, recalling a previous role he had working in disaster relief. After ...
Loss Trends for Severe Convective Storms
Loss trends for severe convective storms (SCS) have increased over the past 15 years and even more during the past five years, according to Dan Dick, global head of Catastrophe Management at ...
The Art and Science of Underwriting in an Era of Evolving Risk
Insurance underwriters are seemingly pulled in many directions today as risks quickly evolve, from extreme weather events to changes in the legal and regulatory landscape to general inflation trends. ...
California Wildfires Dwindle as Premiums Surge
In their 1999 paean to California, the Red Hot Chili Peppers sang that "Destruction leads to a very rough road, but it also breeds creation." The rock band was referring to earthquakes and tidal ...
5 Emerging Risks to Watch: ‘Evil Digital Twins,’ Climate Change, ‘Forever Chemicals’ in Tap Water
In this edition of Risk Alerts, Carrier Management highlights "evil digital twins," climate risks, "subsurface heat islands" and the presence of PFAS in U.S. tap water. Evil digital twins A digital ...