Underwriting & Pricing
Tornado Frequency Trends Deceptive, Actuary Says
To develop adequate rates, actuaries don't just need to spot what the next trend will be that will push up claims frequencies or average loss costs. They also need to sort out what the next trend ...
Premium Growth Continues for 14th Straight Quarter, WC to Lead in 2014
Although the growth in industry total net property/casualty insurance premiums slowed in the third-quarter, an unbroken string of quarterly hikes is longer than a prior period of back-to-back ...
Target Breach Triggers Insurance Questions, Lawsuits
U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits ...
Lead Paint Verdict May Set Dangerous Precedent: McArdle Viewpoint
A California judge has just ruled that manufacturers of lead paints and pigments have to pay 10 cities in California $1.1 billion to remediate lead paint used in homes there. I wrote about this last ...
U.S. Property Insurance Rates Continue to Soften Through Q3: Marsh
The surplus of capital among insurers and reinsurers continued to fueloverall softening in the U.S. property insurance market through the third quarter of 2013, Marsh said in a new report. For the ...
Paint Manufacturers to Pay $1.1B to California Municipalities in Nuisance Liability Case
Sherwin-Williams Co., NL Industries Inc. and ConAgra Grocery Products LLC have been ordered by a judge to pay $1.1 billion to replace or contain lead paint in millions of homes after losing a ...
Universal, Fireman’s Fund Seek ‘Fast and Furious’ Solution Following Star’s Death
When "Fast And Furious" star Paul Walker died and left the seventh film in the franchise hanging in the balance, it wasn't the first time a studio and its insurer faced such a situation, but the ...MAPFRE|Commerce Insurance Unveils Telematics Program in Massachusetts
MAPFRE | Commerce Insurance announced the launch in Massachusetts of its DriveAdvisor Program. The new program will allow eligible Massachusetts drivers to receive information on driving patterns and ...