Harnessing Advanced Analytics for Effective Catastrophe Risk Management

Guy Carpenter’s Kimberly Roberts, Jeffrey Schmidt and Shannon Peterson outline the benefits of advanced analytics in managing catastrophe risk.
November 6, 2023 Catastrophe Risk Management Technology

Combatting the Talent Crunch: Strategies in the Insurance Sector

According to Kelly Stevens, the SVP of loss adjusting at Crawford and Co., insurance companies are currently battling among one another to find and retain employees.
November 6, 2023 Education & Training Insurance Industry Risk Management

Evaluating PBM Pricing Models: The Key Factors to Consider and Questions to Ask

Multiple factors affect PBM pricing. These are the questions payers need to ask to find the right fit (and get the most savings) for their company.
November 6, 2023 Insurance Industry Risk Management Workers' Compensation

Rising Reconstruction Costs and Climate Change Fuel Record High Natural Catastrophe Losses

It is over a decade since Verisk started producing its ‘Global Modeled Catastrophe Losses Report’, which, in 2023, projected a record high global modelled insured average annual loss from natural catastrophes.
November 2, 2023 Catastrophe Legislation & Regulation Property Risk Management

Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival

Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023 Auto Catastrophe Legislation & Regulation Property Risk Management

Accounting for Similarities. What Stakeholders Believe The Institutes’ Affiliation with the IASA Can Deliver

The Malvern, Pa.-based Institutes’ latest affiliation promises to introduce the skills and experience of insurance accounting and systems administration professionals to a much wider audience.
November 2, 2023 Education & Training Risk Management Technology Pennsylvania

Unveiling Generative AI: A Game Changer for Customer Engagement

Generative AI enables the creation of sophisticated, personalized customer experiences in the insurance industry through intelligent communication.
November 1, 2023 Insurance Industry Risk Management Technology

2022 Sees a Dip in Uninsured Driving Rates Post-Pandemic Spike: IRC Report Reveals

About one out of seven U.S. drivers operated a private-passenger vehicle without liability insurance in 2022, according to new research by the Insurance Research Council (IRC), an affiliate of The Institutes.
November 1, 2023 Auto Insurance Industry Legislation & Regulation Risk Management

Unveiling the Three-Stage Digital Revolution in the Insurance Industry

In an interview with Insurance Thought Leadership, Gaurav Garg from Oliver Wyman discusses the digital transformation in the insurance industry.
October 31, 2023 Auto Education & Training Liability Risk Management Technology

Triple-I Partnership Cultivates Diversity and Early Career Advancement in Insurance

To amplify the Insurance Information Institute’s (Triple-I) commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT.
October 31, 2023 Education & Training Insurance Industry Risk Management

Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends

Changes in buyers’ behavior mean an insurer using MSRP to set an insurance value is underpricing the vehicle from the start.
October 31, 2023 Auto Insurance Industry Risk Management Technology

Unveiling Modern Trial Tactics in Transportation Cases through Expert Roundtable

CLM’s Transportation Community experts discuss virtual mediations and assessing the strength of the plaintiff’s attorney.
October 31, 2023 Auto Education & Training Insurance Industry Liability Litigation Illinois Massachusetts Pennsylvania

Halloween Drunk Driving: A Frightening Reality of Impaired Drivers Amid Celebrations

The only thing scarier than zombies and witches loose on the streets on Halloween is an impaired driver, according to the U.S. Department of Transportation’s National Highway Traffic Safety Administration.
October 30, 2023 Auto Legislation & Regulation Liability Risk Management

Hurricane Otis Racks Up Billions in Insured Losses, Marks Historic Financial Drain for Mexico’s Insurance Sector

Reinsurance broker Gallagher Re has said that hurricane Otis will be one of the costliest natural catastrophe events in Mexico’s history, with a multi-billion-dollar insurance market loss anticipated.
October 30, 2023 Catastrophe Insurance Industry Property Risk Management

Matthew Perry’s Hot Tub Incident Highlights Insurance Risk Concerns

When it comes to washing away stress and soothing achy joints, it’s hard to beat the warm water and gurgling jets, but the actor’s untimely death serves as a painful reminder of the risks inherent to owning a hot tub.
October 30, 2023 Insurance Industry Liability Risk Management
SOS Ladder AssistAspen Claims ServiceMid-America Catastrophe ServicesU.S. ForensicNationwide Overspray