Taking the next step in hurricane modeling
Article Abstract:
The property and casualty insurance industry should share new hurricane modeling data with regulators and the public in order to mitigate hurricane damage. So far, the industry has chosen to protect its short-range financial interests by reducing exposures and raising premiums in hurricane-prone areas. The industry and the public would benefit more, in the long run, from hurricane modeling information applied to improved building codes and consumer education about property protection.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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In defense of rate regulators
Article Abstract:
Many property and casualty insurers believe that their problems are the result of rate regulation. Insurers claim that regulators have political motives for keeping rates low, but regulators base nearly all rate revisions and denials on sound actuarial principles. The process of setting rates is subject to error because several variables are considered. Regulators must consider possible biases when evaluating rates. Solvency regulation is an essential part of rate regulation.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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Cycles and crises
Article Abstract:
The underwriting cycle of the property and casualty insurance industry is a function of economic and institutional forces. Studies funded by the National Association of Insurance Commissioners focused on hard and soft markets and price/availability crises. The research determined that the causes of underwriting cycles are independent to control by regulation and industry. Measures which might effect these cycles are also discussed.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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- Abstracts: Putting the scalpel to managed care. Building new walls around managed care
- Abstracts: Ending the redlining lie. Customizing coverage. Sounding the alarm for fire detection
- Abstracts: Helping insureds cope. Life insurance is no easy pitch. Substandard, not inferior
- Abstracts: Handing down the business. Planners told economy is back in business
- Abstracts: Balancing capital with risks. 1991 industry bond holdings. Claims management as a top priority