This paper from Dr. Robert Hartwig examines the origins and evolution of policymaker and insurer commitments to ensuring fairness in insurance pricing and surveys the research (historical and current) measuring the success of those commitments. According to Casualty Actuarial … [Read more...] about The Insurance Industry’s Commitment to Fairness in Insurance Pricing – August 2023
Navigating The Fight Over ESG – 6/1/2023
This article from Corporate Board Member dives into the relationship of ESG and the current economic health of the nation. The article highlights both the criticism and favoritism of ESG in the face of recession. "An October 2022 survey of CEOs by KPMG found that 59 percent plan … [Read more...] about Navigating The Fight Over ESG – 6/1/2023
Living with Private-Equity Owned Life Insurance – 5/28/2023
"Some policyholders might be unaware that the well-known, conservative life insurer they purchased a policy from decades ago is now owned by a private equity firm, whose funds are illiquid and risky because of the debt financing used to buy companies." Robert … [Read more...] about Living with Private-Equity Owned Life Insurance – 5/28/2023
How Will Economic Pressures Affect P&C Industry? 5/22/2023
This article from the Insurance Journal highlights Robert Hartwig's recent presentation from NCCI Annual Insights Symposium in Orlando. The article summarizes the current state of workers comp and the P&C insurance industry amidst economic pressures. This piece also calls … [Read more...] about How Will Economic Pressures Affect P&C Industry? 5/22/2023
Fla. and La. must borrow millions to pay insurance claims – 5/2/2023
The Gulf Coast insurance crisis has hit a new low as two state-chartered insurance associations are being forced to borrow hundreds of millions of dollars for the first time in three decades to pay the hurricane claims of insolvent insurers. The Louisiana association had to … [Read more...] about Fla. and La. must borrow millions to pay insurance claims – 5/2/2023
Insurance Journal 04/17/2023- Gen Z Talks Insurance
This article posted by the Insurance Journal highlights five risk management students' experience and why those chose to study insurance. With the recent industry talent crisis the author emphasizes how the industry can better attract Generation Z peers.“It’s really, really … [Read more...] about Insurance Journal 04/17/2023- Gen Z Talks Insurance