Personal Lines
State Farm Reports Underwriting Profit for 2013
Even though State Farm's auto businesses suffered a loss in 2013, the property/casualty companies reported a $230 million underwriting gain, State Farm reported on Friday. The $230 million gain of ...
Judge OKs JPMorgan $300M Settlement Over Force-Placed Insurance
A U.S. judge has approved a settlement of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices, an agreement that could pay more than $300 million to about 750,000 ...
CEO Viewpoint: Winning the War for Talent to Harness the Full Power of Predictive Analytics
The reputation of the insurance industry has long been that it follows behind other industries in the use and implementation of technology. Across numerous other industries, big data and analytics ...
Can We Fix Earthquake Insurance in California?
Twenty years ago, on Jan. 17, 1994, a previously unknown fault ruptured nine miles beneath Northridge in the San Fernando Valley. With a magnitude of 6.7 and an epicenter just 20 miles northwest of ...
Netflix’s House of Cards and Other Big Data Case Studies
How did program developers at Netflix know that viewers of the BBC television series "House of Cards" also enjoyed movies starring Kevin Spacey and directed by David Finch? They analyzed big data to ...
Early California Wildfire Season Could Be Unprecedented
California's worst drought in decades is feeding what may become a devastating wildfire season, one that is starting about five months early. Extremely dry conditions have sparked 487 wildfires so ...
The Challenges Around Big Data and the Lessons to Be Learned
The hype around big data is focusing ever more attention on insurers' data management and analytics capabilities. Analysis of data, creation of predictive models and the ability to take action based ...
Top 2014 P/C Trend: Investment in Mobile Agent Tech Lags as Carriers Focus on Gen Y
Mobile strategies focused on Gen Y customers and personal lines innovations will shape the plans of property/casualty insurance carrier management teams in 2014, but at least one of these approaches ...