ratemaking News

Policyholder attorneys have had little success persuading most courts that commercial property insurers owe coverage for business interruptions caused by COVID-19 shutdowns. How about premium rebates instead? A panel of the 8th Circuit Court of Appeals on Thursday shut down …

Predictive modelers told California regulators on Thursday that the state’s antiquated rules for calculating wildfire risk when setting property insurance rates discourage innovative mitigation measures that could ultimately reduce losses. Nancy P. Watkins, a principal and consulting actuary for Milliman, …