CAS News
Status of Certain Casualty Actuarial Ratemaking, Reserve Principles in Flux
A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to reverse a decision to rescind a "statement of principles" of ...
Managing Social Inflation: What Should Be in the Defense Playbook
Plaintiffs attorneys have honed skills for identifying cases destined to result in nuclear verdicts, a former defense attorney working for a reinsurance company said recently, describing their ...
Insurers Need Playbook to Slow Social Inflation; COVID Didn’t Do It
If liability insurers and defendants want to turn the tide of social inflation, they need to come together as teammates with a solid game plan, a reinsurance claims executive said recently. Agreeing ...
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims
How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance professionals suggested recently, adding more ...
How Root Insurance Did What Other Insurers Only Imagined
Having achieved unicorn status with a $1 billion valuation less than two years after its official October 2016 debut, InsurTech carrier Root Insurance Company may seem like an overnight success. The ...
Did You Know? Auto and Renters Risks Correlated
To Alex Timm, CEO of Root Insurance Company, the auto insurance carrier's recent move into the renters insurance market seemed like a natural extension for its customer base given that 70 percent of ...
Executives On The Move at Nationwide, CLARA Analytics and CAS
Nationwide named its new chief marketing officer and beefed up the responsibilities of its chief strategy officer to cover innovation-related nitiatives. CLARA Analytics, a provider of artificial ...
Two Major Actuarial Societies – CAS and SOA – Will Explore a Merger
The Casualty Actuarial Society and the Society of Actuaries plan to explore a merger. Presidents of both societies announced that the CAS and SOA boards had agreed to pursue combining, with the idea ...