Property/casualty insurers need to step up efforts at educating consumers about flood insurance, a panel of insurance CEOs agreed at the 17th annual Property/Casualty Insurance Joint Industry Forum. Flood insurance holds great potential, both in terms of consumer awareness and …
IDP Insurance Data Processing named David Carlino its new CEO. Carlino will be responsible for the company’s overall business strategy and operational execution, and will also play a prominent role in customer relationship and development. Under Carlino’s leadership, IDP will …
Insurance rating firm A.M. Best on Monday raised to $85 billion its estimate for losses that U.S. property/casualty insurers can ultimately expect from lawsuits brought by victims of asbestos exposure. Best, the major rater of insurance companies, raised its estimated …
Property/casualty insurers say that principal preservation and total return are the most important objectives of their companies’ portfolio management, yet when asked about their satisfaction level with these two investment goals, their responses diverge. In a survey of P/C carriers’ …
Expense management is one of the few areas within the control of insurers to improve performance; yet as they review expenses, insurers must consider associated risks, according to a new study by Conning Research & Consulting. “Property-casualty insurers today face …
Predictive modeling continues to gain momentum among North American property & casualty (P&C) insurers, according to findings from global professional services company Towers Watson’s third predictive modeling survey. The findings show that while the potential to advance critical areas of …