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Flood damage in Texas from Hurricane Harvey may equal that from 2005's Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain ...
Less than 100 days into the U.S. Presidency of Donald Trump, the ultimate shape of regulatory and tax reform remains very much in question. P/C insurance trade associations have expressed hope that ...
It looks like ProPublica failed its first actuarial exam. The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically ...
The Insurance Information Institute appointed a new head of Communications. A former AIG exec rejoined as chief auditor. XL Catlin added an Environmental Insurance regional leader in San Francisco. ...
Earlier this year, Fitch Ratings reported that the commercial auto insurance market suffered its fifth consecutive year of underwriting losses in 2015. The commercial auto combined ratio averaged 106 ...
"The purpose of price optimization is to extract as much profit as possible from policyholders, who are often required to purchase insurance policies," according to a February 2015 press release from ...
In Part 1 of this article series, I described cost-based pricing used by actuaries, which includes business judgment—introducing differences between the technical price indication for a book of ...
Actuaries occupy a quiet, arcane world, their debates obscure: Loss development factors: weighted vs. straight? Premium impact: parallelogram vs. extension of exposures? Reserve methods: chain ladder ...
Committing to a few extreme physical fitness events every year keeps Sean Kevelighan honest. "That, for me, is the incentive to insure that I keep my training going. It's really good for your health, ...
Whenever disaster strikes in the United States—be it economic, man-made or delivered by Mother Nature—the global media often contacts Robert P. Hartwig, the president of the New York-based ...
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