New Rules for California Large Deductible Programs
In a move aimed to curb carrier insolvencies in the State of California, there is a proposed rule up for discussion in August to change the carriers able to offer…
Young Consumers Willing to Let Insurers Spy on Digital Data – If It Cuts Premiums
As a sociology major and Orwellian it is hard for me to not think about “Big Brother” when reading these types of reports. My gut would tell me that the…
Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence
When discussing the use of artificial intelligence in insurance, there is often a glaze that develops in the eyes of many an underwriter. Is it lacking the understanding of what…
Where Will the Wind Blow this Year? …Ask Europe
As the owner of a coastal home, the start of hurricane season always gets my attention along with the predictive models that come with it. As an early storm spins…
Insurers See Some Obstacles to Expanding Use of Advanced Analytics
When in every other financial vertical machine learning and artificial intelligence are not just buzz words but practical applications, the fact this is the case in insurance can be seen as primal… or…
Greetings from the NCCI Annual Issues Symposium (AIS)
The National Council this morning gave its annual update on the state of the workers’ compensation line. As always, Chief Actuary Kathy Antonello did an awesome job of updating the…
Travelers Group the Largest Writer of Workers’ Compensation in 2017
As a former Liberty Mutual guy, it shocks me they have dropped to 7’th. For years and years they were #1 on this front… Amtrust continues to ascend and now…
Buffett Not Eager for Berkshire to Be Cyber Insurance Leader
https://www.insurancejournal.com/news/national/2018/05/07/488425.htm Some intriguing comments from Warren Buffet on the State of cyber insurance. My favorite (which I agree with), “I don’t think we or anybody else really knows what they’re…