Concerns over price optimization are leading regulators to think carefully about the implications of longstanding practices in insurance rating, including premium “caps” on policy renewals for individuals, households and small businesses, according to one regulator. Charles Angell, deputy commissioner and …
Now that cyber attacks and data breaches have become common, insurers and risk managers are struggling to assign the resulting costs and losses among different types of insurance. On the one hand, there are traditional property and liability policies that …
Every organization, of every size and operational orientation, needs cyber insurance to manage its exposures in this age of networked information. That was one thing speakers agreed on at the recent 2017 Cyber Liability Symposium held by the Professional Liability …
The incorporation of big data from Internet-based sources is a defining feature of underwriting and rating in today’s property/casualty insurance market. In light of that, the National Association of Insurance Commissioners (NAIC), through its Big Data Task Force, is exploring …
For all the changes in healthcare in the past 10 years, the principal challenges facing medical professional liability (MPL) insurance remain much the same as they did during the crisis in the mid-2000s: a high level of capital with poor …
For all the changes in healthcare over the past 10 years, the principal challenges facing medical professional liability (MPL) insurance remain much the same as they have been since its crisis in the mid-2000s: a high level of capital with …
As they grapple with persistently soft market conditions, medical professional liability (MPL) underwriters must weigh the potential impact on their business of proposed changes in the U.S. healthcare financing system. As they gathered in Chicago for their annual meeting, MPL …
Is the valuation revolution coming to farm insurance? For several years now, residential and commercial property insurance specialists have been employing new automated systems to refine their calculations of the value of insured structures. The old process of calculating replacement …
One of the most frustrating experiences for any insurance buyer—personal, commercial, or institutional—is to see a sudden, steep rate hike even if you haven’t had a claim in years, if ever. The industry loses credibility with consumers when companies are …
One of the most frustrating experiences for any insurance buyer—personal, commercial or institutional—is to see a sudden, steep rate hike even if you haven’t had a claim in years, if ever. The industry loses credibility with consumers when companies are …
