Personal Lines
Insurance Price Optimization: Lawyer’s Perspective
A major controversy is growing in the world of insurance regulation over price optimization. Regulators are becoming increasingly aggressive on the issue. Maryland, California, Ohio and New York have ...
Florida Bans Price Optimization; Insurers Question Definition
A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group ...
More Folks are Tweeting, Texting and Taking Pictures While Driving: AT&T Survey
We've all seen individuals texting while driving. But the different types of risks people take with their smartphones while on the road are more widespread than some people realize. A new AT&T ...
Insurers Launching Their Own VC Funds Need High Risk Tolerance: Novarica
In small but growing numbers, property/casualty and other insurers are launching in-house insurer accelerators or venture capital funds. Carriers must be clear on their ultimate goal and risk ...
Price Optimization or Price Discrimination? Regulators Weigh In
Insurers' growing use of predictive data analytics is predicated on enhancing operational efficiency, improving decision-making and offering more detailed pricing of products. It's that last practice ...
Dog Bite Injuries Making Homeowners Claims Costs Soar
Dog bite injuries are becoming increasingly costly to property/casualty insurers, according the Insurance Information Institute and State Farm. The I.I.I.'s analysis of homeowners insurance data ...
An El Nino-Driven Summer is All But Certain
A U.S. government weather forecaster on Thursday said there was a 90 percent chance that El Nino conditions would continue during the Northern Hemisphere summer, an increase from last month's ...
Amtrak Train in Fatal Accident Reportedly Traveled Twice the Speed Limit
The New York-bound Amtrak train that derailed in Philadelphia, killing seven and injuring more than 200, was traveling at about 100 miles per hour, twice the speed limit, according to an official ...