Underwriting & Pricing
Meteorologists: Signs Suggest 2017 Atlantic Hurricane Season Will be Normal
Most meteorologists forecast the 2017 Atlantic hurricane season will be less active than a year ago, with the number of named storms and hurricanes near average. A few meteorologists, however, expect ...
Usage-Based Insurance Apps: Opportunity or Obstacle?
It's been almost a decade since Progressive launched its usage-based insurance (UBI) program, Snapshot, aimed at more closely aligning driving behavior with auto insurance rates. And although other ...
ProPublica, Consumer Reports Respond to Criticism of Report on Auto Insurance Prices in Minority Areas
ProPublica and Consumer Reports have issued a response to the opinion column by Insurance Information Institute's James Lynch criticizing their report, Minority Neighborhoods Pay Higher Car Insurance ...
Regulators Scrutinizing Premium Caps; Similarity to ‘Price Optimization’ Cited
Concerns over price optimization are leading regulators to think carefully about the implications of longstanding practices in insurance rating, including premium "caps" on policy renewals for ...
I.I.I. Viewpoint: Why ProPublica’s Auto Insurance Report Is Inaccurate, Unfair and Irresponsible
It looks like ProPublica failed its first actuarial exam. The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically ...
NAIC Task Force Mulls Consumer Disclosure Requirement on Big Data Collection
The incorporation of big data from Internet-based sources is a defining feature of underwriting and rating in today's property/casualty insurance market. In light of that, the National Association of ...
Commercial Lines Prices Up Slightly in First-Quarter 2017: MarketScout
For the first time in 20 months, the MarketScout composite rate index for commercial accounts in the United States measured a rate increase at plus 1 percent in the first quarter. Rates for business ...
3-D and 4-D Printing: Transforming Our World and the Trail of Liability
For any property/casualty insurers out there wondering whether to cover exposures from 3-D printing, you probably already are, according to Bob Weireter, senior underwriter of casualty treaty ...