Underwriting & Pricing
Privatizing Flood Insurance Presents Opportunities, Challenges: Deloitte
Privatization of the National Flood Insurance Program (NFIP) would present a huge growth opportunity to the property/casualty market, allowing insurers to tap into about $3.3 billion of yearly ...
AIG Aims to Be Smartest Casualty Insurer, Schimek Says
Innovation and customer focus are central to the strategy of the one of the nation's largest property/casualty insurers, for which being the biggest competitor is not the primary goal, according to ...
Primary D&O Pricing Weaker in Q4 with Hikes Below Prior Quarters: Aon
A divergence in D&O insurance pricing in recent years, which saw carrier competition in excess layers driving overall policy premium drops as primary prices rose, may be starting to disappear, ...
Addressing the Profitability Challenge in Commercial Auto Insurance: Emerging Driver-Based Rating Factors
Pop quiz: Which of the following real-life scenarios resulted in a violation on the driver's motor vehicle record (MVR)? (a) Going 55 mph in a 45 mph zone. (b) Making a left turn across two ...
BMS Launches Severe Weather Analytics
BMS Group has announced a new weather risk management module as part of its iVision suite of analytical tools and services. The unique analytical tools allow carriers to better understand their risk ...
China Orders Insurers to Halt Sales of Smog Insurance
Chinese regulators have told the country's two largest insurers to stop selling coverage against smog, a week after such policies were launched, the China Daily reported. The newspaper did not say ...
Florida Seeking Private Insurer Fix for Flood Insurance Problem
The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that's the most vulnerable to storm surge. It's not clear, though, that ...
California Voter Initiative Aims to Increase Damages Cap
California's limit of $250,000 on medical malpractice damages for pain and suffering, which became a model for other states almost 40 years ago, could be increased under a voter initiative to be ...