Don’t Underestimate the Dodd-Frank Act’s Property-Casualty Insurance Impact
The Dodd-Frank Act Affects Property/Casualty insurance more than it may seem.
Legionnaires Disease Deserves More Attention
Often, a new disease breaks out that has doctors and public health professionals puzzled and worried. In 2014, it was Ebola. This year, it is the Zika Virus. There are also potentially fatal illnesses that are preventable and yet, the Centers for Disease Control and Prevention is seeing cases on the rise. One such example […]
For Actuaries and Underwriters, Times Are a-Changin’
The days of actuaries and underwriters applying their crafts through separate roles and responsibilities are on the way out, as my recent Actuarial Review article, Pricing Adjustment, explains. To be successful in the future, actuaries need to spend more time learning to appreciate the demands underwriters face. Underwriters also need to embrace predictive modeling to […]
Before You Cut and Paste, Obey Copyright Laws
Digital media experts offer lots of advice to successfully market online, but rarely do they emphasize why it is important to obey copyright laws to avoid infringement. That’s a shame. Website owners who are caught re-using blogs from other sites or publishing photos without appropriate permission and attribution can suffer legal and financial consequences. And thanks to special […]
Driverless Cars: Beyond the Hype
Driverless cars promise get people around more safely. However, the basis for that assumption is often backed up by old statistics that were not considering the safety of autonomous vehicles. In fact, not long after I submitted my Actuarial Review article about driverless cars, “60 Minutes” presented a segment, “Hands off the Wheel” on the same […]
Auto Insurance Purchasing Tips You Probably Don’t Know
Today I published an article about how to shop for automobile insurance. It contains auto insurance purchasing tips you probably don’t know. I have to confess I thought I knew a lot about buying automobile coverage. But after speaking with three national experts, I learned how much I did not know. You really owe it […]
Affordable Care Act Could Case Shift to Workers’ Comp, WCRI Finds
The Affordable Care Act could case shift millions of dollars to workers’ compensation. Case shifting from health care to workers’ compensation is nothing new. It often arises from gray area claims where the cause of injury might be related to work. An insurance entity does not want to pay bills that another should be paying […]
Auto Insurance Price Optimization A Reminder to Shop Around
Auto Insurance price optimization has been getting a lot of attention lately, especially since it is controversial. Instead of worrying about it, just shop around. Some consumer advocates say price optimization can be unfair to auto insurance customers. Insurers, however, believe using all the data possible for pricing premiums is good business. Determining how insurers […]
Data Breach Vulnerability Not Just Due to Technology
About 21.5 Americans’ social security numbers and other sensitive personal information were compromised due to the hack of the U.S. Office of Personnel Management, according to an article posted today on cnn.com. It seems data breaches have become so common that those unaffected are undocumented workers or Amish. How did personally identifiable information become so […]
The Actuarial Cyber Coverage Conundrum
Are insurance companies offering cyber coverage collecting enough money to cover future cyber events? Nobody really knows, but there is reason for concern. Insurance companies are offering more cyber coverage to gain market share. At the same time, data hackers too often elude cyber security experts. In fact, the amount of cyber incidents, including data […]
