Featured Section: Second Act Careers

2nd Act: From Rear Admiral, U.S. Navy to Director of Insurance Operations

What does a rear admiral do after 31 years in the Navy? Instead of retiring, Rear Admiral John Spencer decided to pursue a second career ...

2nd Act: U.S. Air Force Cyber Operations Officer to CEO Cyber MGA

Vishaal Hariprasad, the chief executive and co-founder of a managing general agency specializing in cyber risk solutions, is known by the nickname "V8," a nickname he got during his days in the Air ...

2nd Act: From Commercial Airline Pilot to AXA XL's Head of Aerospace Claims

Like most of us in the insurance business, Tom Vargo, AXA XL's claims manager-Aerospace, did not grow up wanting to be an insurance executive. He was fascinated with ...

Cover Story: Insurance Market Crisis

Regulatory Weaknesses, Politics Driving California Exits, Industry CEOs Say

A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in the state of California at an industry conference in late June, pointing ...

Looking Ahead

Why the Investor-Driven Hard Reinsurance Market Will Persist in '24

Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said last week. Kevin ...

CEO Viewpoints: How Carriers, Reinsurers Are Reacting to Inflation

During an industry conference last week, leaders of three property/casualty insurance organizations addressed a question about opportunities in the personal, commercial and reinsurance markets by ...

Wait 'Til Next Year: Auto Profit Unlikely to Return in '23, S&P Says

In spite of continued actions to raise prices of coverage, auto loss costs continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard ...

Executive Viewpoint

Louisiana Blueprint: How to Repair Florida's Home Insurance Market

Florida's home insurance market has been in crisis for years, and recent tort reform aims to reduce claims costs by putting an end to frivolous lawsuits, a welcome development in a state where ...

Workers Compensation: Past, Present and Future

The workers compensation system is healthy and strong. On behalf of the National Council on Compensation Insurance, it feels great to be ...

Viewpoint: Closing the Gap on Insurance to Value in Property Policies

Inadequate valuation of physical assets in property policies results in a shortfall in premium collected, which in turn hinders the ability to rebuild fully after a ...

Risk

What Insurers Should Know About PFAS

Scientists faced a problem when the space race was heating up in the mid-20th century. They needed to develop materials to withstand the heat of atmospheric entry and ...

InsurTech Profiles

TypTap Insurance President Talks About InsurTech's First Profit, Future

When HCI Group's TypTap Insurance launched in 2016, it created a buzz in the industry and some skepticism, due to the company's plan to rely heavily on mapping technology ...

Technology and Automation

How Lawyers Sank Florida Carriers — and Target 'Travellers' With SEO

A troubling phone exchange reveals a problem for insurance carriers that started in Florida and is expanding beyond the state's borders, according to an actuary who ...

How to Characterize Emerging Risks for Liability Modeling

This is the second part of a two-part article. In the first part, we defined a framework that can be used to classify both systemic and emerging risks.

How to Model Systemic and Emerging Risks for Liability Risk Management

While insurers' use of models to analyze and quantify risk is well established in the property space, it's becoming increasingly important in the casualty space. The use ...