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Brokers

107 posts

Data Quality, Managing Change Key for Underwriters’ Predictive Models

  • Paul Hughes
  • July 29, 2013
The annual conference of Insurance Accounting and Systems Association, Inc. presented the benefits and challenges of the use of predictive models for underwriting, stressing the volume of quality data needed to…
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Insurer Data Can Help with Workers’ Comp Claims Management: ASSE Speaker

  • Paul Hughes
  • July 22, 2013
A speaker at the American Society of Safety Engineers’ Safety 2013 conference in Las Vegas confirms, having streamlined views of loss data can help insureds identify trends, and help them take…
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Commercial insurance rates up 5% in June: MarketScout

  • Paul Hughes
  • July 16, 2013
Commercial P&C rates were up an average of 5% for policies that renewed in June, according to MarketSout.  Commercial Auto and Work Comp had the highest increases at 6%, with…
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NYCIRB Proposes 16.9% Rate Increase for 2013

  • Paul Hughes
  • July 8, 2013
The NYCIRB proposed a 16.9% rate increase which, if approved, would be effective October 1, 2013.  The rate filing awaits approval by NY Dept. of Financial Services: Rising indemnity, severity…
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Property/Casualty Insurance Rates up 5% in May: MarketScout

  • Paul Hughes
  • July 2, 2013
Overall property & casualty rates were up an average of 5% in the month of May, with sharpest incline being in Work Comp and General Liability, at 6% increase year-over-year:…
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Recently Signed Bill Solidifies PEO’s ability to Write Carve-Outs in TX

  • Paul Hughes
  • June 11, 2013
Great news for PEOs with clients in Texas, Gov. Perry recently signed Senate Bill 1286 into law allowing, among other things, for PEO client companies in TX to elect work…
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NCCI Report Validates PEO Model, Challenges Perceptions

  • Paul Hughes
  • June 5, 2013
Authored by NCCI Chief Economist Harry Shuford, yesterday’s report concluded that PEO claims experience as measured by loss ratios or claim costs relative to premium was no worse and was…
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NY Work Comp Reforms Expected to save $800M Annually

  • Paul Hughes
  • May 30, 2013
Good news for PEOs and client companies in the state of NY, reforms are expected to save insureds going forward on WC. New York workers comp reforms expected to save…
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