Underwriting & Pricing
ISO Telematics-Based Auto Rating Tool Now Available
Insurance company services organization ISO said it has filed its first vehicle telematics-based rating rule with insurance regulators in 33 states and received approvals in 19 states. The GeoMetric ...Michigan Has New Rules for Insurers’ Use of Credit History
A series of new laws that took effect last week in Michigan regulate how insurance companies can use a person's credit information. Under one of the measures, insurers can't use people's credit ...
Actuaries Weigh Healthcare Reform’s Effect on P/C Insurance
The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, ...
TRIA Won’t Be Extended, P/C Carrier CEOs Say
Chief executive officers of property/casualty insurance carriers said their companies will still stand ready to provide terrorism coverage when—not if—the Terror Risk Insurance Act expires ...
Broker Exec Sees Price Shoppers Emerging In Bifurcated Casualty Market
The reasoning that carrier executives advance for increased prices of casualty insurance—starting with low interest rates and ending with the need for underwriting profit—is wearing thin on some ...
The Underwriting-Claims ‘Disconnect’ in Casualty Insurance: An ERM Issue?
There are good business reasons why claims and underwriting professionals of casualty insurance carriers don't talk to each other about claim denials, underwriting executives said last week, with one ...
Coastal States to See Continued Population Growth: NOAA
Ten million more people will be living on the already-crowded U.S. coast by 2020 if current population trends continue. The coastal population will increase from 123 million to nearly 134 million ...
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury protection (PIP) law, ruling that it is no longer a "reasonable ...