Claims & Reserving
‘Industry’ Loss Reserve Studies Not Meaningful: Demotech Analysis
Insurance literature is replete with articles, analyses, studies and discussion documents related to industry loss and loss adjustment expense (L&LAE) reserves, the impact of L&LAE reserve ...
State Farm Seeks to Test Drone Use for Damage Response in Illinois
State Farm insurance company is seeking federal approval to test drones in evaluating property damage and responding to natural disasters. The (Bloomington) Pantagraph reported that the ...
Chubb Thrives in Q3 on Higher Premium Revenue
Chubb Corp., the insurer of corporate boards and mega-yachts, said quarterly profit rose 9.8 percent in the company's first increase of the year as premium revenue increased. Third-quarter net income ...
P/C Insurers’ Reserve Redundancy to Continue: Moody’s
U.S. property/casualty insurers' reserves will remain moderately redundant through the end of the year, Moody's Investors Service has reported. "We expect moderately redundant reserves based on ...
The FSB Wants Feedback on Policies For Systemically Important Insurers
The Financial Stability Board (FSB) is seeking public comment on proposed guidance "for the identification of the critical functions and critical shared services for systemically important insurers." ...
Hundreds of Ohio Quakes Tied to Fracking in New Study
A new study suggests fracking triggered hundreds of small, unnoticeable earthquakes in eastern Ohio late last year, months before the state first linked seismic activity to the much-debated ...
Capital Gains Mute P/C Industry H1 Operating Income Decline
The combined ratio for the property/casualty insurance industry became slightly worse in the first half of 2014, as net investment income declined and weak operating income continued. But net income ...
Swiss Re Predicts a Rise in Liability Claims as Economic Growth Accelerates
Liability claims have been lower than expected in recent years, which has boosted insurers' profits despite a decline in liability rates. But new risks and stronger economic growth will increase ...