Claims & Reserving

3 Things Insurance Carriers Need to Know Before Entering Colorado

Colorado isn't like other states. At 2.7 percent, its unemployment rate is lower than the national average. It's the seventh-fastest-growing state in the U.S., adding some 80,000 residents in 2018. ...

What Boeing Can Teach Us About Supply Chain Disruptions

As weather-related events pile up with the same alarming frequency as auto collisions on New York's Belt Parkway and Long Island Expressway, I find myself counting supply chain disruptions when I ...

Marijuana Is Legal; Now What? Workers Comp Carriers Prepare for Claims Ahead

There's no doubt marijuana is having a moment, with several states having passed legislation legalizing it for both medical and recreational use. Media focus has centered on the drug's benefits, but ...

Visions of Commercial Transportation: The Future of Commercial Auto Insurance Is Here

For several years now, the commercial auto segment has been among the property/casualty insurance industry's worst performing lines. Wounded by a sharp uptick in claims frequency and severity and ...

Risks Hiding in Plain Sight

When an Italian man attended an art exhibit in the Serralves Museum in Portugal last year, he didn't expect to be hospitalized just for trying to view one of the works on display. But that's exactly ...

How Migration Patterns and Millennials Will Impact Carriers in 2019

Looking back, 2018 will be seen as a turning point for the housing industry. Last year, we saw continued growth in remodeling and maintenance activity amid growing affordability challenges. ...

AXIS Loses Nearly $200M in Q4

AXIS Capital Holdings closed out its 2018 fourth quarter with a nearly $200 million net loss, something President and CEO Albert Benchimol blamed largely on higher property catastrophe losses. The ...

Decoding the Hidden Value of Unstructured Text Data

Data science is about supporting decisions with insights, advice or predictions based on rigorous analysis of prior business facts, decisions and outcomes. One of the biggest challenges for insurers ...

2018 Catastrophe Losses Faced 60 Percent Protection Gap: Aon

Economic costs of 2018's 394 natural catastrophe events came to $225 billion with insurance covering $90 billion of the overall total. The results reflect the fourth costliest year on record of ...

U.S. Proposes Dramatic Expansion of Commercial Drone Flights

The federal government has unveiled a long-awaited set of proposals to dramatically expand civilian drone flights while also tightening security, critical steps for an industry seeking to expand into ...