Underwriting Insurance Claims News (Page 15)

Not A CPCU? You Can Still Join And Benefit From The CPCU Society

The CPCU Society recently expanded its membership criteria for the first time in its long history. The society historically counted CPCUs, candidates, and retired CPCUs as its members. But now any insurance and risk management professional, student, or retiree may join and enjoy the benefits of full membership.

November 16, 2021 Underwriting

Addressing Building Failure

In many ways, we are blessed with today’s buildings and engineering marvels. We often don’t think of the challenges involved in building these structures, or the maintenance and upkeep needed to keep them safe and secure.

November 12, 2021 Risk Management Underwriting

Extreme Weather, COVID, Home Claims

In 2020, catastrophic weather, including severe wildfires, seven major hurricanes and a destructive derecho drove the proportion of catastrophe losses up 40% from 2019.

November 3, 2021 Catastrophe Property Underwriting

Flying High With Drones, From Pre-Loss Risk Assessment To CAT Response

By 2022, 2.85 million small drones will be flying the friendly skies, according to projections by the Federal Aviation Administration.

September 20, 2021 Catastrophe Property Technology Underwriting

A Wooden Roller Coaster

The recent COVID-19 pandemic has upended nearly every aspect of life. Supply chains for everyday staples and luxury goods have been disrupted, expectedly impacting prices for all members of those chains, as well as end users.

September 16, 2021 Property Underwriting

How Natural Language Processing Streamlines The Claims Process

The business of insurance claims can be risky and costly. The ability to manage and mitigate risk can mean the difference between profitability and lost revenue.

September 8, 2021 Technology Underwriting

The Need for Speed in Underwriting

From delay born of pandemic to decisiveness borne by leaders with a plan, from anger born of isolation to action borne by people’s refusal to isolate themselves from the world, the authors of the first chapter of post-pandemic life—the writers of this history—are the underwriters of life insurance.

July 28, 2021 Underwriting

The Promise of Predictive Models

An innovation strategy around big data and artificial intelligence will uncover insights that allow smart carriers to acquire the most profitable clients and avoid the worst. Companies that develop the best portfolios of risks will ultimately enjoy a flight to quality while those left behind will compete for the scraps of insurability.

June 8, 2021 Risk Management Underwriting

How the Insurance Industry Could Bring Down Fossil Fuels

Late last year, Lloyd’s of London announced plans to stop selling insurance for some types of fossil fuel companies by 2030.

May 28, 2021 Excess & Surplus Lines Risk Management Underwriting

Credit Score Ban For Insurance Premium Calculation Leads To Massive Lawsuit

The American Property Casualty Insurance Association (APCIA) has filed a lawsuit against the regulator in Washington state over the ban against using credit scores for insurance premium calculation.

April 13, 2021 Legislation & Regulation Underwriting

The Key To The Future Of Mobility

For the past few decades, mobility innovation has trended in one direction: empowering the individual consumer. Google Maps and GPS have made navigation simple and paper maps obsolete, while rideshare apps offer options that traditional taxi services could not.

April 13, 2021 Underwriting