Casualty Actuarial Society News

Claims or No Claims

"A Moment of Incredible Opportunities"

That title on top of a series of slides presented by a featured speaker at a recent Casualty ...

Calculating Targeted California Returns on Surplus

The National Association of Insurance Commissioners (NAIC) 2022 Report on Profitability by Line and by State provides a comparison of the rates of return on net worth for the last 10 years (through ...

Permitted After-Tax Returns for California Insurers (2012-2021)

Since reinsurance costs are ultimately a substitute for direct costs of capital, we can better understand the ratemaking process in California by understanding how companies are allowed to ...

Rebuilding the California Property Market: Reinsurance Costs and Recent Reforms

In November of last year, Allstate paused writing new homeowners policies in California. State Farm, the state's largest homeowners writer, stopped accepting new applications for insurance back in ...

CAS Announces Cummings as President-Elect

The Casualty Actuarial Society (CAS) has announced the results of its elections, with David Cummings, FCAS, being named president-elect for 2023-2024. He will begin his ...

How Lawyers Sank Florida Carriers — and Target ‘Travellers’ With SEO

A troubling phone exchange reveals a problem for insurance carriers that started in Florida and is expanding beyond the state's borders, according to an actuary who ...

Increase in Car Accidents? Blame Weather, Time of Day—Not Pot Decriminalization

Actuarial research released last week suggests that marijuana decriminalization is not associated with a notable increase in traffic accidents or accident severity. Temporal patterns of human ...

100% Digitized: Coterie Insurance Underwriters Create Their Digital Clones

InsurTech Coterie Insurance is on a mission to bring speed, simplicity and service to small business insurance—and it's accomplishing that with a 100 percent digital ...