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A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in the state of California at an industry conference in late June, pointing ...
Vishaal Hariprasad, the chief executive and co-founder of a managing general agency specializing in cyber risk solutions, is known by the nickname "V8," a nickname he got during his days in the Air ...
Like most of us in the insurance business, Tom Vargo, AXA XL's claims manager-Aerospace, did not grow up wanting to be an insurance executive. He was fascinated with airplanes and wanted to be an ...
What does a rear admiral do after 31 years in the Navy? Instead of retiring, Rear Admiral John Spencer decided to pursue a second career in insurance. His last assignment for the Navy was as ...
Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said last week. Kevin ...
In spite of continued actions to raise prices of coverage, auto loss costs continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard ...
During an industry conference last week, leaders of three property/casualty insurance organizations addressed a question about opportunities in the personal, commercial and reinsurance markets by ...
Inadequate valuation of physical assets in property policies results in a shortfall in premium collected, which in turn hinders the ability to rebuild fully after a loss. This is a problem for ...
Florida's home insurance market has been in crisis for years, and recent tort reform aims to reduce claims costs by putting an end to frivolous lawsuits, a welcome development in a state where ...
The workers compensation system is healthy and strong. On behalf of the National Council on Compensation Insurance, it feels great to be able to say that with confidence, especially as NCCI is ...
Scientists faced a problem when the space race was heating up in the mid-20th century. They needed to develop materials to withstand the heat of atmospheric entry and corrosive effects of water when ...
When HCI Group's TypTap Insurance launched in 2016, it created a buzz in the industry and some skepticism, due to the company's plan to rely heavily on mapping technology and property data. This ...
A troubling phone exchange reveals a problem for insurance carriers that started in Florida and is expanding beyond the state's borders, according to an actuary who recalled the dialogue at a recent ...
While insurers' use of models to analyze and quantify risk is well established in the property space, it's becoming increasingly important in the casualty space. The use of models in this area has ...
This is the second part of a two-part article. In the first part, we defined a framework that can be used to classify both systemic and emerging risks. Here, we focus in on how this framework can be ...
