Underwriting & Pricing
Florida Coast Developers Can’t Resist Building
Since eight hurricanes whipped through Florida during back-to-back seasons a decade ago, causing $33 billion in insurance claims, the state's coastal communities have added an additional 1.5 million ...
Farmers Rolls Out Broad Ridesharing Endorsement for California
Farmers Insurance will become the first large California insurer to start offering a ridesharing insurance product on Thursday. In an announcement made at the Los Angeles office of California ...
Workers Comp Insurers Post First Underwriting Profit Since 2006
U.S. workers compensation insurers, a group led by Travelers Cos. and Hartford Financial Services Group Inc., posted their first underwriting profit since 2006, helping the industry counter lower ...
Milliman’s Pixel Gives Insurers Custom View of Competition’s Impact
Consulting and actuarial firm Milliman announced the availability a competitive intelligence tool for insurance companies last week called Pixel. According to Milliman, Pixel is a web-based, ...
Hiscox Extends Crime Protection to Financial Institutions
Specialist insurer Hiscox has announced enhancements to its crime and fidelity platform with the addition of financial institution bond coverage. The new coverage protects financial services ...
Insurance Price Optimization: Lawyer’s Perspective
A major controversy is growing in the world of insurance regulation over price optimization. Regulators are becoming increasingly aggressive on the issue. Maryland, California, Ohio and New York have ...
Berkshire Hathaway Specialty Launches Crime Protection With Impersonation Endorsement in Canada
Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of a new crime protection policy and executive impersonation coverage endorsement for large public and private companies in ...
Florida Bans Price Optimization; Insurers Question Definition
A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group ...