Underwriting & Pricing
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 ...
Sandy Losses Wiped Out Entire U.S. Marine Premiums for 2012: IUMI
The cost of Superstorm Sandy to the global marine market has been put at between $2.5 billion and $3 billion—which effectively wipes out the entire U.S. marine premiums for 2012, according to the ...
Auditor Class Actions Go Global As U.S. Suits Dwindle
Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have previously not ...
Louisiana’s Assumption Parish Sinkhole Growing
A sinkhole in swampy Assumption Parish grew to 12 acres over the weekend, and officials said Monday they are monitoring the threat that another area nearby could liquefy into muck. Lawmakers on the ...
Too Much Analysis Primes Whistleblower Suits: Lawyer
If your company uses a detailed analytical process to arrive at projections of growth or earnings, that process may make you particularly vulnerable to shareholder suits when forecasts don't pan out, ...