The most popular articles and news offered by Carrier Management.

State Farm Underwriting Loss Climbs to $14B

When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant's history. A year later, and another record. The underwriting loss figure climbed to ...

Brazen $30M Los Angeles Cash Heist Explained

A brazen Los Angeles cash heist on Easter weekend in which thieves cracked a safe and got away with as much as $30 million is believed to be one of the largest such heists in U.S. history. The heist ...

Study: MGA Market Still Growing

A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study. The global investment ...

Judgment Day

In May 2022, a judge at the U.S. District Court in Texas ruled that IBM had breached a 2015 licensing agreement signed with a competitor, BMC Software Inc., awarding BMC ...

Deflating Social Inflation

Prior-year loss reserve charges. Social inflation. Nuclear verdicts.

Those topics, featured in various articles in Carrier Management's ...

The Future of Reserving Is…Complicated

Reserving is, on the face of it, one of the simpler elements of actuarial science (once companies get past the nuances of triangular data tables). They look at the way ...

Transactional vs. Transformational Leaders

Most insurance organizations are run by left-brain, rational, transactional leaders. Many are actuaries, underwriters, lawyers and former business line leaders. And that ...

Insurance Middle Managers Speak Out

Often forgotten and overlooked when business is humming, the middle manager is typically the first to go when companies, including P/C insurers, decide to downsize. In a related article, "Middle ...

Middle Manager Is the Middle Child

The middle child breaks up fights, mediates disputes, and smooths the differences between older and younger siblings. They carry the weight of family responsibilities and ...