underwriting News

Can a ‘Numbers Guy’ with Insurance DNA Finally Fix AIG?

NEW YORK — Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at …

Travelers Sets Aside ‘Modest’ Funds for Child Sex-Abuse Claims

Travelers Companies Inc has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an earnings call on Thursday. Two analysts asked about Travelers’ …

Viewpoint: Streamlining Claims Processing with Intelligent Process Automation

In recent years, the insurance industry has seen an influx of new market entrants seeking to disrupt and reinvent specific business segments by launching new products and services free of the expense and overhead of “traditional” players. These digital “insuretechs” …

Fitch: Technology Needed to Reverse Commercial Auto’s Dismal Performance

The commercial auto line hasn’t returned an underwriting profit for eight years now. Growing claim severity is a big part of the problem. Advanced technology needs to be a part of the solution, according to a report released Tuesday by …

Insurance, Economy, Tariffs Weigh on Berkshire Hathaway

Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the conglomerate run by billionaire Warren Buffett. Berkshire’s auto insurer Geico suffered …

QBE Reports on Using Social Media to Boost Service, Fight Insurance Fraud

Social media data mining offers insurers an opportunity to combat fraud and improve underwriting, according to a recently issued white paper by QBE North America, an operating division of global insurer QBE Insurance Group Limited. The white paper titled “Innovations …

Sullivan Brokers Wholesale Insurance Solutions Announces Bridget Livingston Joins Firm as Broker in Healthcare Practice Group

Los Angeles, CA, March 2, 2015- Sullivan Brokers Wholesale Insurance Solutions is pleased to announce that effective February 17, 2015, Bridget Livingston has joined the firm as a Broker in the Healthcare Practice Group. In addition to her solid Healthcare …

Atlas General Insurance Services, LLC Expands Texas Presence with the Addition of Underwriting and Marketing Personnel

San Diego, CA, December 2, 2014– Atlas General Insurance Services, LLC, a national multi-line program manager, announces the expansion of its Texas presence with the hiring of key marketing and underwriting personnel. Kristen Hakala has been promoted to underwriting manager …

P/C Insurers Focus on Underwriting, Data and Analytics in 2014: EY Report

In the face of continued economic, competitive and regulatory challenges, property/casualty insurers are seizing opportunities to improve underwriting discipline, drive operating efficiencies and leverage data and enhanced analytics to sustain growth and widen their performance advantage, according to EY’s 2014 …

The Underwriting-Claims ‘Disconnect’ In Casualty Insurance: An ERM Issue?

There are good business reasons why claims and underwriting professionals of casualty insurance carriers don’t talk to each other about claim denials, underwriting executives said last week, with one offering enterprise risk management as part of his explanation. “There’s a …