Underwriting
Allstate Estimates ’22 Auto Combined Ratio of 110; Frequency, Reserves Up
Allstate announced preliminary estimates of its fourth-quarter and full-year 2022 results last night, revealing a 2022 combined ratio of 110 for personal auto insurance, with reserve boosts for prior ...
Without Reforms, More Florida Insurers Will Go Kaput: AM Best
Late last week, AM Best published a commentary ahead of this week's special legislative session in Florida predicting that "without immediate and substantive long-term legislative reforms," further ...
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts
Allstate's chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier's largest mutual competitor—State Farm—to move ...
Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions?
With recent news of multinational food and beverage company Mondelez International settling its lawsuit against its insurer Zurich American Insurance Company over the ...
More Than Technology: Reskilling ‘Decision Artists’ Core to Nationwide’s Underwriting Transformation
Underwriter, production underwriter, manager, underwriting director, and commercial underwriter officer are just a few of the titles that Nationwide's Tony Fenton has ...
Planck: Mining Data Gold for Small Commercial Insurers
Elad Tsur, the co-founder and chief executive officer of Planck, takes his inspiration to answer a question about the future of commercial insurance underwriting from the ...
What’s Next: Are Social Media Addiction Lawsuits Just the Beginning?
The lead-up to mass litigation in the United States has a predictable sequence: Commercial enterprises unleash a new technology that delights consumers and garners handsome profits for ...
100% Digitized: Coterie Insurance Underwriters Create Their Digital Clones
InsurTech Coterie Insurance is on a mission to bring speed, simplicity and service to small business insurance—and it's accomplishing that with a 100 percent digital ...
Unlocking the Value of Intelligent Automation for Actuarial Ratemaking
Back in the day doesn't mean what it used to. In most cases, that phrase refers to a time many years ago. But with the world changing as quickly as it is, back in the day ...