Underwriting & Pricing
Risky Snapshot Drivers May See Rate Hikes, Progressive Says
Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor ...
Kissing, Grooming and Taking Selfies Among Top Driver Distractions
Cellphone use is usually top of mind when you hear the phrase "distracted driving," but a new survey from Erie Insurance found that drivers are engaging in a wide range of potentially dangerous ...
CNA Launches Quote Advantage Tool for Small Business Segment
CNA on Friday unveiled its new Quote Advantage tool, the latest upgrade for CNA Central, the company's online automation platform for independent agents. According to a company statement, the new ...
Dollars and Sense: Risk-Based Pricing Helps Insurers Find Opportunities
Today, many insurers believe there is no bad risk—it just needs to be priced properly. As the market trends toward more analytic- and data-driven decisions, insurers are continually exploring ways ...
Ironshore Canada Expands Energy Practice
Ironshore Canada has expanded its energy practice and appointed Michael Marino to lead the team. As senior vice president of energy, Marino will be responsible for expanding specialty business lines ...
Climate Change Modeling on Cusp of Paradigm Shift
In the face of growing interest in climate change impacts, several big catastrophe modelers said they've heard from more clients interested in receiving climate-related data and they believe the ...
FEMA Shows Some Progress Implementing Flood Insurance Changes: GAO
The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to ...
California Commissioner Tells Insurers to Cease Price Optimization
California Insurance Commissioner Dave Jones on Wednesday issued a notice to property/casualty insurers doing business in California advising them that so-called "price optimization" in rate making ...