There is a lot of confusion about what dangerous driving is, what counts as a driving conviction and the impact it can have on your car insurance. Here we will explain what constitutes a driving conviction, and how you can avoid a hike in your insurance costs because of one. What constitutes as dangerous driving? … Read more
Investment manager Amundi US has continued to attract capital to its most recently launched dedicated insurance-linked securities (ILS) fund strategy, as the Pioneer CAT Bond Fund has now reached $426 million in assets, now roughly tripling in size over the course of 2024 so far.This success in raising capital for the investment manager’s first dedicated … Read more
If you’re just starting your legal career, you may think that a legal malpractice claim could never happen to you. While that’s hopefully the case, the reality is that the majority of lawyers will face a malpractice claim at some point in their career. According to the American Bar Association (ABA), four out of five … Read more
Use of algorithmic underwriting is increasing across the insurance industry. With enhanced decision-making and improved risk assessments, an algorithmic approach to underwriting can optimize operations for insurers and experience for their customers. In this post we delve into the evolution and advantages of algorithmic underwriting and share our insights on building and scaling an algorithmic … Read more
NORTHBROOK, Ill., September 19, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of August of $272 million or $215 million, after-tax, including favorable reserve reestimates for prior period events. Catastrophe losses for August include 15 events estimated at $306 million, with approximately $75 million related to a hail event in Calgary, Canada. The Calgary hail event estimate includes reinsurance reinstatement premiums and is net of … Read more
