Personal Lines
Secondary Perils Are Increasing Share of U.S. Catastrophe Losses
Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of ...
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
Why ADAS Drives Claims Severity Higher (It May Not Be What You Think)
When auto insurance executives talk about claims severity trends across the industry, a common theory they advance is that repairs on vehicles with expensive advanced driver-assistance systems ...
Travelers Leaning Into AI, Tech as Earnings Rise
Reviewing the 2021 highlights of both a final quarter and a year that saw Travelers deliver double-digit returns-on-equity, the company's chief executive focused on technology investments aimed at ...
Regulators Can Learn AI; New InsurTech Groups Will Help
It was the mid-1990s. Karen Clark's Applied Insurance Research and Hemant Shah's Risk Management Software were InsurTechs in their early stages of development—before the term for insurance ...
Travelers Expands Telematics Offerings With IntelliDrivePlus
The Travelers Companies Inc. is expanding its telematics auto insurance offerings with the launch of IntelliDrivePlus, an app-based program that calculates a new premium at each renewal by measuring ...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch
The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating ...
Natural Disasters Cost Insurers $120B in 2021: Munich Re
Natural disasters across the globe caused economic losses of $280 billion in 2021, of which roughly $120 billion was insured, according to a report from Munich Re. U.S. natural catastrophes ...