III Joint Property Casualty Forum News

Insurance Leaders Urged to Engage the Smarter People in the Room

As insurance executives fret about helping their companies embrace new technology and change, one CEO offers this idea: Embrace that there are smarter people in the room. “Everybody in my organization is a whole lot smarter than I am,” said …

NAIC Leader Says Insurer Systemic Risk Process Is Unnecessary

Although the Financial Stability Oversight Council created by the Dodd–Frank Wall Street Reform Act could serve an incredibly useful purpose, FSOC’s activities so far have been misguided, an insurance regulator said last week. Ted Nickel, president of the National Association …

P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines

Leaders of the property/casualty insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber a potentially huge untapped market, according to an Industry Leader Trends survey, conducted by the Insurance Information Institute …

Why Google’s Not So Smart or Fast and Insurance Agents Aren’t Dead… Yet

Insurance agents aren’t dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry observers said at a recent conference. “The most radical view of …

The Struggle Getting U.S. Regulators to Understand Insurance

The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council is a done deal. But exactly what that means in terms of higher regulatory standards is still not clear. Those details could come this …

60% of P/C Execs See 2016 Much Like 2015; 55% Expect Democrat to Win White House

Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do not expect the economy to stay …