Underwriting & Pricing
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 ...
2017 Insurance Industry Mergers Could Reach Record Levels: Conning
Signs point to 2017 being another year of "robust" mergers and acquisitions, thanks in part to a number of ongoing industry trends and a current government climate that show no sign of letting up, ...
A Medical Professional Liability Capital Cushion Is Also a Barrier to Profit
For all the changes in health care over the past 10 years, the principal challenges facing medical professional liability (MPL) insurance have mostly remained the same since its crisis in the ...