William Wilt News

Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says

Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be ...

What About Genomics and Workers Comp?

William Wilt and Kirk Hartley, the authors of the accompanying article, "Have Insurers Paid Too Much for Asbestos and Other Toxic Torts?" recently published a research note, in a Q&A format, ...

Reserves and Inflation: Insurers Got This!

According to an analysis of loss reserves published in mid-March by Assured Research, 2021 marked the 16th straight year that the U.S. P/C industry's loss reserves developed favorably—by about ...

Data Points: Attorney Impact on Commercial Auto Losses

Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...

Telematics: It’s Not Just for New Business Pricing Anymore

GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk ...

Loss Reserve ‘Conservatism’ Will Shape the Pricing Cycle

According to our analysis of loss reserves published in mid-March, the year 2020 marked the 15th straight year that the U.S. property/casualty industry's loss reserves developed favorably—by about ...

Industry Loss Reserves Redundant by $28B: Assured Research

Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves are $28 billion redundant and predicting that ...

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 ...