Commercial Lines
Commercial Insurance Rates Up 5% for 3d Month: MarketScout
The average composite rate for commercial property/casualty insurance in the U.S. was up five percent for May 2013. This marks the third month in a row for a five percent increase, according to ...
Benefits & Implications of State Workers’ Compensation Fund Modernization and Privatization
State workers' compensation funds currently face several challenges that result from the overall state of the workers' compensation insurance market and their standing as quasi-government entities. ...
Are Traditional Insurers Ready For P2P Car-Sharing Challenges, Opportunities?
The emerging trend in sharing personal assets—sometimes referred to as "collaborative consumption" or "the sharing economy"—presents challenges and opportunities to property/casualty insurance ...
The New Age Of Technology: 3-D Printing
Earlier this year, scientists from Cornell University successfully created an artificial human ear by printing it on a 3-D printer. Created by squirting living cells into an injection mold, the ears ...
Five Myths About Predictive Analytics You Can’t Afford to Believe
Predictive analytics has a relatively long history in the P/C insurance industry. From the early 1990s, when early adopters began to use predictive modeling for rating and underwriting, to more ...
The Underwriting-Claims ‘Disconnect’ in Casualty Insurance: An ERM Issue?
There are good business reasons why claims and underwriting professionals of casualty insurance carriers don't talk to each other about claim denials, underwriting executives said last week, with one ...
Imagining A Future Filled With Driverless Cars
Visions of robotic self-driving cars may appear like something from a George Lucas film but in June 2011, this vision took a giant leap toward becoming reality when Nevada became the first state to ...
Liability Insurance At The Inflection Point: Conning Analysis
U.S. liability insurance results have been favorable in the past few years, buoyed by benign loss frequency, reserve releases, and the absence of major casualty catastrophes. The prospect of ...