Safer From Wildfires
Commissioner Lara's new regulation, California Code of Regulations Section 2644.9. Consideration of Mitigation Factors; Wildfire Risk Models, effective Oct. 14, 2022, ...
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Are Winds of Change Blowing on California Insurance Law?
It would be wrong to assume that California regulators and lawmakers are only now starting to ponder what to do about a potential insurance crisis in the wildfire-prone ...
Reducing Claims Overpayment Is Vital for Carrier Survival
Failure to catch overinflated claims is costing the insurance industry tens of billions of dollars each year. Paying too much or too little on a claim isn't beneficial to ...
Love Thy Frenemies: 3 Reasons an Interconnected Claims Network Benefits the Industry
Coming off the worst underwriting performance in over a decade, the U.S. P/C insurance industry continues to face significant headwinds that threaten profitability and ...
CEO Viewpoints: How Carriers, Reinsurers Are Reacting to Inflation
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 ...
Why the Investor-Driven Hard Reinsurance Market Will Persist in ’24
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 ...
Regulatory Weaknesses, Politics Driving California Exits, Industry CEOs Say
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 ...
2nd Act: From Rear Admiral, U.S. Navy to Director of Insurance Operations
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 ...
2nd Act: From Commercial Airline Pilot to AXA XL’s Head of Aerospace Claims
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 ...
How to Characterize Emerging Risks for Liability Modeling
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.