Critical Information for P/C Carrier Executives
Carrier Management Critical Information for P/C Carrier Executives
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Today's Headlines July 23, 2019

Misclassification Impedes Insurers' Ability to Underwrite Risks

Over the years, one of the key challenges for insurers in underwriting small and midsize businesses involves misclassification of the risk. Not surprisingly, more often than not, inaccurate classifications typically result in inadequate premium charged for a particular risk. This outcome arises when the applicants or their agents and brokers fail to provide full exposure... read more
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The Top 10 P/C Insurance Carrier CEO Salaries

Progressive Corp.'s Susan Patricia ("Tricia") Griffith earned the fifth highest property/casualty insurance CEO salary in 2018, even as the company she runs landed in the top slot in terms of premiums written. read more

 Brand Spotlight 
Analytics Behind the Perfect Risk Score & Predictive Model

Find out what really goes into making the world's most predictive telematics score. This white paper explores the importance of utilizing telematics for auto insurance risk scoring and provides a real-world example of the improvement carriers can expect from utilizing a predictive model like DriveAbility more
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Travelers Boosted Q2 Net Income, Thanks to Lower Cat Losses and Investment Income Spike

The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. Lower catastrophe losses and higher net investment income helped fuel the improvement. read more

Privacy Lawsuits Benefit Attorneys More Than Consumers: Chamber Study

Statutes allowing plaintiff lawyers to enforce privacy laws through private rights of action are clogging courts and provide no real benefit to consumers, a report from the U.S. Chamber of Commerce's Institute for Legal Reform (ILR) claims. read more

Equifax Will Fork Over Up to $700M in U.S. Breach Probe Resolution

Equifax Inc. agreed to pay up to $700 million to resolve U.S. federal and state investigations into the 2017 hack that compromised some of the most sensitive information of more than 140 million people. read more

Google Settles 2010 Privacy Lawsuit With Modest Payment Agreement

Google is poised to pay a modest $13 million to end a 2010 privacy lawsuit that was once called the biggest U.S. wiretap case everand threatened the internet giant with billions of dollars in damages. read more

China Opens Door to More Foreign Investment in Financial Sector

China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. read more

Executives On The Move at AIG, Liberty Specialty Markets and Alliant

AIG hired a former pharmaceutical company executive to be its new Chief Human Resources Officer. Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, a former British cyber intelligence officer to the newly created role of chief cyber officer. Alliant hired a White Plains-based executive to be a senior vice president for its New York team. read more
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Insurance Journal Weekly Top Picks: July 16, 2019

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