WTW report spotlights the importance of scenario building and impact analysis

[ad_1] Moves include a new global leader and a new COO [ad_2] Source link

[ad_1] Alongside HB 1302, lawmakers are also reviewing a separate proposal—House Bill 1182—which would impose new disclosure and notification requirements on insurers using wildfire risk models in underwriting. If passed, HB 1182 would mandate greater transparency from insurers about their use of catastrophe models, risk scores, and other tools used to assess wildfire exposure when…

[ad_1] From senior note issuance to improving personal lines—Selective’s Q1 strategy pays off [ad_2] Source link

[ad_1] Beirne, who brings more than 20 years of experience in commercial insurance and Insurtech, will oversee MSIG USA’s actuarial function. His role will include managing reserving, pricing strategy, capital modelling and portfolio analytics. Beirne joins the company from Cover Whale, where he also served as chief actuary.  [ad_2] Source link

[ad_1] The report highlights a rise in the percentage of homeowner insurance claims closed with no payment. Nationally, 41.9% of claims were closed without payment in 2024, up from 25.8% in 2004. In Louisiana, the rate was higher, at 44.6%. Several insurers closed more than half of their homeowner claims without making any payments.  [ad_2]…

[ad_1] “Danny’s extensive experience in strategic benefits consulting, carrier relationships, and market analysis makes him a valuable asset to our team,” said Kevin Overbey, president of Alliant Employee Benefits. “His ability to develop tailored solutions that align with business goals while maximizing employee value will help our clients optimize the value of their programs.” [ad_2]…