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Rewriting the risk map | Insurance Business America
A key part of the underwriting process—and a major factor in determining property eligibility and pricing—is a community’s ISO Public Protection Class (PPC). The PPC program, developed by ISO, evaluates a community’s fire protection capabilities, including emergency communications, fire department readiness, water supply, and community risk reduction efforts. Source link
TMHCC’s Susan Rivera named APIW Insurance Woman of the Year
Her career began as an actuary at AIG before moving into underwriting, where she held senior positions, including president of American Home Assurance Company. She later joined Praetorian Insurance Company, which was acquired by QBE, where she served as president of QBE Specialty and chief actuary for QBE’s Americas division. Before TMHCC, she was president…
Chubb reports significant wildfire impact on first-quarter results
In comparison, Chubb achieved record net income of $9.27 billion for FY2024, or $22.70 per share, and core operating income of $9.20 billion, or $22.51 per share. Consolidated net premiums written were $51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was 86.6%….
When does self-defense turn to murder – and how can insurance differentiate
Trial support, carry law shifts reshape protection priorities Source link
Nine of 10 global firms hit by cyberattacks – report
Most frequently cited vectors of attack identified Source link
Embedded insurance chosen as future of personal lines – survey
“For instance, travel insurance can be offered during a flight booking, motor insurance when selling a car, or gadget insurance with electronic goods. In fact, this model allows insurers to reach customers who were otherwise not seeking to take out a policy,” Benito said. Source link