Underwriting & Pricing
Ohio Appeals Court Hits State for WC Overcharging
The director of Ohio's state insurance fund for injured workers said Friday that he's disappointed with an unusually pointed appeals court decision that says the fund overcharged employers by ...
Making the Economics of Telematics Work for Auto Insurers
The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile is being driven. The device monitors where a car is and how it is being driven, ...
If Cars Drive Themselves, How Will Actuaries Make Sense of Data to Price the Risks?
Scientists and engineers predict the day is near when cars drive themselves, but that doesn't mean that traveling on the highway will be entirely carefree. There will be accidents, and someone will ...
Property Events Create Emerging Risks for Casualty Insurers
When we think of large insured losses arising from natural or manmade disasters, we see images from hurricane or earthquake devastation. First-party property damage and business interruption losses ...
What’s Next for Cyber Insurance?
There's a saying in the cybersecurity industry that there are two types of businesses today: those that have been breached and know it, and those that have been breached and just don't know it. ...
California Comp Underwriting Profit Unlikely in 2014: Fitch
Although premium rate increases and market reforms will help to improve the underwriting results of California workers compensation insurance writers, they will still see underwriting losses in the ...
GEICO Led Personal Auto Pack in 2013 Premium Growth: SNL Financial
GEICO Corp. beat out its competitors in premium growth in 2013 and reported one of the best underwriting margins among the top 20 U.S. auto insurers. According to a report by SNL Financial, GEICO's ...
Fitch: Commercial Auto Insurers Still Losing Money on Underwriting
The commercial automobile insurance segment of the U.S. property/casualty insurance industry reported a third consecutive year of underwriting losses, according to Fitch Ratings. The combined ratio ...