Prior-year loss reserve charges. Social inflation. Nuclear verdicts.
Those topics, featured in various articles in this magazine, are natural choices for our annual edition devoted to issues weighing on P/C insurance leaders of finance and operations.
Is AI the next frontier for plaintiffs lawyers? Our cover story offers insights for insurers and defendants interested in future drivers of all three.
As generative artificial intelligence drives the innovation of legal tools, insurance defense experts are wary that failing to keep up with the plaintiffs' bar's technological advances could lead to ...
The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting ...
Conditions in the global reinsurance market are also leading reinsurers to E&S carriers with stability and predictability in their casualty books, amid the search for exposures subject to minimal ...
Twenty years ago, an insurance carrier's use of reinsurance products like loss portfolio transfers and adverse development covers waved a red flag, signaling potential concerns over the company's ...
According to an analysis of loss reserves published in mid-March by Assured Research, 2023 marked the 18th straight year that the U.S. P/C industry's loss reserves developed favorably—by about $2.3 ...
If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That's the gist of one of the questions that analysts from Moody's Investors Service ...
Experts who spoke to Carrier Management for the accompanying article are affiliated with technology companies that can assist defendants and their insurers. NaVel by Schaefer City Technologies Tyson ...
Before the end of the current decade, the personal auto industry is likely to see a peak—and then a subsequent lasting decline—in premiums for conventional auto coverage, consultants from ...
There was a moment in first-quarter 2021 when InsurTech Root met a long-desired loss ratio target, sending a promising signal that the cash-burning startup was squarely on the road to personal auto ...
Given the difficult environment for primary property/casualty carriers, the efficient use of excess and surplus (E&S) lines capacity is providing a safety valve for the declining capacity for ...
The sticker shock that U.S. drivers feel when they see their auto insurance premiums jump is real—but it's not quite as bad as a major economic indicator suggests, according to Swiss Re economists. ...
Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were "thermonuclear," or more than $100 million, according to a new study by research firm Marathon ...
Perfluoroalkyl and polyfluoroalkyl substances (PFAS) are everywhere in the news lately. PFAS refers to a class of chemicals renowned for resisting heat, water and stains—substances that are found ...
Often alarming, misleading or just plain annoying — when mass tort lawsuit advertisements pop on a TV screen, many consumers instinctually reach for the remote. An expert believes that the ads are ...
Although three strategic pillars guide investments in technology and data science at InsurTech Root, the second pillar—one focused on "meeting customers where they are"—is likely to be a ...
No doubt, AI is a hot topic in the insurance world these days. It brings so many possibilities to make us more effective and efficient. One of the most societally important uses of AI in insurance is ...
It's time to update the traditional performance review, which focuses largely on how the employee performed the prior year and whether they met agreed-upon goals and expectations. The annual ...
Forty percent of U.S. workers believe that work is fundamentally broken, and 1 in 5 wish they didn't have to work at all, according to Mercer's 2024 Global Talent Trends Study. Employees today feel ...
All iconic brands—past, present and future—share one thing in common: innovation. When done right, innovation is one of the characteristics that sets long-term, successful firms apart from the ...
As an executive coach, I have observed the rise and fall of many leaders over the years. One thing I can say with certainty is that good leaders show interest in their employees' jobs and career ...
Early adopters of generative artificial intelligence (Gen AI) tools are working hard to employ the technology, which can help insurers innovate, enhance customer experience and boost internal ...
In this edition of Risk Alerts, Carrier Management highlights the dangers of falling space junk, more frequent and severe megadroughts, toxins in bioplastics, risky bridges, and the physical and ...
During a recent webinar, an insurance company representative imagined the thought process of potential plaintiffs who might consider calling a lawyer. Bombarded by television advertisements from law ...
Prior-year loss reserve charges. Social inflation. Nuclear verdicts. Those topics, featured in various articles in Carrier Management's second-quarter 2024 magazine, are natural choices for our ...
