Underwriting & Pricing
Rebuilding Construction Insurance
At the end of an hour-long interview, the chief executive officer of an InsurTech focused on liability coverage for middle-market commercial construction contractors gave an unusual answer to a ...
A Special Time for Specialty Markets
The specialty insurance marketplace always has been a vast laboratory for nascent products. It once was a tiny market. Those days are over. Today, with tens of billions in premiums in the U.S. ...
Artful Mosaic Creates Global Agility for Specialty Startup
Mosaic Insurance, the Bermuda-headquartered startup and Lloyd's specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the ...
Hard Market Moderating; Rate Decreases Possible By Q2: Report
While the hard market is continuing at "a tempered pace," with continued deceleration of price increases for many commercial insurance lines, "in Q2 we might even begin to see rate decreases," a ...
Hosta.ai Raised $11.5M from USAA, Others to Further AI-Driven Property Assessment Tech
Hosta.ai, an artificial intelligence property assessment technology startup, has raised $11.5 million in new venture capital from a group of investors including USAA and The Cincinnati Insurance ...
Executive Viewpoint: Top Reasons Insurers Decline Cyber Insurance
Insurers make money by assuming the business risks of their customers for a fee. They make a profit only if the estimated aggregate cost of the risk for all their customers is less than the aggregate ...
COVID Fallout: Insurers Must Address Evolving Small Business Risks
During the past 18 months, the COVID-19 pandemic has wreaked havoc on thousands of U.S. small businesses and created unprecedented challenges for them as well as for their insurers. Amid numerous ...
Insurers Win With Appeal Reversing Temporary Ban on Use of Credit Scoring
A judge in Washington ruled in favor of the insurance industry's argument against Washington Insurance Commissioner Mike Kreidler's emergency rule temporarily banning use of credit scoring. ...