Underwriting & Pricing
Hard Market Pressure: Surplus Lines Lifting Heavy Load in Turbulent Times
As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer ...
Wait ‘Til 2025: The Hartford Won’t See Auto Profit Next Year
Even after putting through 20 percent rate hikes over the course of this year, The Hartford needs another round of similar magnitude next year, the insurance company's leader said recently. The ...
How Reinsurers Can Win in the Game of Volatility
Successful reinsurance businesses strive for profit stability while promising to reduce the volatility that their cedents experience.
But ...
A Community-Based Solution: How Actuaries and Fire Chiefs Can Tackle WUI Risk Together
Why is wildfire risk such a challenging area for insurers and communities?
As fire chiefs, we are regularly asked about the increasing ...
The Art and Science of Underwriting in an Era of Evolving Risk
Insurance underwriters are seemingly pulled in many directions today as risks quickly evolve, from extreme weather events to changes in the legal and regulatory landscape ...
California Wildfires Dwindle as Premiums Surge
In their 1999 paean to California, the Red Hot Chili Peppers sang that "Destruction leads to a very rough road, but it also breeds creation." The rock band was referring ...
Are Winds of Change Blowing on California Insurance Law?
It would be wrong to assume that California regulators and lawmakers are only now starting to ponder what to do about a potential insurance crisis in the wildfire-prone ...
Farmers Limits New California HO Policies; Insurer Group Calls for Reform
Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier. The move follows a similar decision by State Farm last month and adds to a growing ...
Viewpoint: Closing the Gap on Insurance to Value in Property Policies
Inadequate valuation of physical assets in property policies results in a shortfall in premium collected, which in turn hinders the ability to rebuild fully after a ...