Claims & Reserving
Breaking the Cycle of Reduced Profitability
The property/casualty insurance industry is wrestling with a troubling paradox: how to cut costs without compromising quality. The U.S. P/C Composite rate was down 4 percent in December 2015, ...
March Storms in the U.S. Could Cost Insurers $2B: Aon Benfield
Seven severe convective storms hit the U.S. during March, impacting nearly every part of the country and costing the insurance industry an estimated $2.0 billion, according to the latest Global ...
Travelers Debuts Predictive Model Designed to Help Injured Workers Avoid Chronic Pain
The country's largest workers' compensation insurer said it has developed a model to predict the likelihood of an injured worker developing chronic pain. The model can them help the workers take ...
Industry Groups Vow to Fight New OSHA Rule for Silica Exposure Limits
Capping a decades-long effort, U.S. workplace regulators on Thursday announced a final rule to boost protections against occupational exposure to crystalline silica, a carcinogenic dust ubiquitous in ...
2015 Was Safest Year for Shipping in the Last Decade: Allianz
The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), with 85 total losses reported worldwide last year, down ...
Motorist Behavior Needs More Study, PCI Says
In a statement praising automakers for committing to standardize automatic emergency braking by 2022, an executive from the Property Casualty Insurers Association of America urged more focus on ...
Insurance Discounts Ahead as U.S. Automakers Promise Crash-Avoidance Braking by 2022
The chief U.S. auto safety regulator defended a voluntary agreement with carmakers to add automatic braking systems, saying that making the change mandatory would take too much time. Under the terms ...
Florida’s Citizens Pushes Policy Changes to Address Rising Water-Loss Claims
Citizens Property Insurance Corp.'s board of governors has approved a slate of recommendations aimed at reducing the impact of what it calls skyrocketing water-loss claims that could reverse progress ...