Claims & Reserving
Google Glass: An Insurer’s Secret Weapon?
In just a few years, adjusters may no longer be saddled with multiple devices for appraising damage, according to a recent industry white paper. Instead, one device alone will serve as a camera, tape ...
IRC Study Finds More Auto Injury Claimants Hiring Attorneys
A new study from the Insurance Research Council (IRC) found that the percentage of auto-related personal injury protection (PIP) claimants represented by attorneys rose to 36 percent in 2012—up ...
Okinawa At Risk as Super Typhoon Neoguri Nears Japan
High winds, crashing waves and a dangerous storm surge may strike Okinawa, including its capital Naha, as Super Typhoon Neoguri nears Japan. Neoguri carried maximum sustained winds of about 150 miles ...
14 P/C Insolvencies in 2013; Half RRGs: A.M. Best
A.M. Best announced its final tally of impairments for 2013 on Wednesday, counting just 14 for the year—the lowest level since 2007. The level was a little more than half the historical average and ...
Predictive Modeling in Property/Casualty Insurance
Predictive modeling in property/casualty insurance has been most widely used in pricing, underwriting and marketing personal insurance products such as personal auto and residential. Commercial ...
GM Switch Crash Compensation Could Cost Billions
The attorney overseeing General Motors' compensation to victims of small-car crashes says there's no limit to what the company will pay, provided the crashes were caused by faulty ignition switches. ...
Willis Re Sees More Rate Softening With June and July Renewals
Willis Re took a close look at June 1 and July 1, 2014 global reinsurance renewal rates and once again found them mostly wanting from the reinsurance industry perspective. Meanwhile, cat bonds ...
Risk Remains After California’s La Habra Earthquake, Report Concludes
Southern Californians were lucky that a magnitude-5.1 earthquake that hit in March just 20 miles east of Los Angeles caused minor damage. A far worse event in the region is inevitable, however, and ...