Underwriting & Pricing
Markel Corp. Blames Ogden Rate Decrease for Disappointing Q1
Markel Corp's 2017 first quarter slumped in a major way, with a drop in net income and a rise in its overall combined ratio. The holding company for insurance, reinsurance and global investment ...
Canada P/C Giant Desjardins Seeks Acquisitions
Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada's big financial services firms, Chief ...
Handling Cyber as Standalone Insurance Could Benefit Carriers, Buyers Alike
Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both insurers and buyers, according to a new report by JLT Re and JLT ...
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 ...