How to spot rate evasion before it hits your book
Rate evasion costs personal line auto carriers more than $16 billion a year—almost 10% of net premiums. Identifying it and managing it early can offer a significant competitive advantage. Learn how you can address rate evasion in real time at the point of sale to avoid the effects undisclosed risk can have throughout the policy lifecycle.
Diana Small, director of insurance solutions for TransUnion, explains how auto carriers are now able to significantly reduce the impact rate evasion has on their book of policies. Learn how it works.
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Lobbyist Norwood Looks Ahead to 2012 in Legislature
John Norwood, principal of Norwood & Associates, has a career in political work dating back to the early 1980s, and he’s one of the state’s best known lobbyists in the insurance and financial services sectors. Norwood talked about workers’ compensation, and other legislation and regulation matters that the insurance industry will face in 2012, including [...]
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Norwood on Workers’ Comp
John, principal of Norwood & Associates, has been an lobbyist for insurance and financial services sectors across several decades. Norwood offered a focused looking at the all-important workers’ compensation issue, and he gave his thoughts on health insurance exchanges. In fact, Norwood forecast that 2012 will rank as an important one when it comes to [...]
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Lobbyist Norwood Analyzes Consumer Watchdog Legislation
John Norwood is one of California’s best known legislative advocates for the insurance and financial services sectors. Norwood spoke to the Insurance Journal about legislation and regulation, including a proposal by a consumer advocacy group that would establish prior approval for healthcare insurance and would make major changes to auto insurance and homeowners insurance in [...]
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Entrepreneurial Technologists
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How Insurance Distribution Is Changing
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Interesting Times in Medical Liability
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Texas Takes Steps to Protect Share of Surplus Lines Tax
The Nonadmitted and Reinsurance Reform Act, or NRRA, was supported by the surplus lines insurance industry. When it goes into effect in July 2011 it will require surplus lines premiums to be paid only to the insured’s home state. States such as Texas with a large surplus lines marketplace will seek to protect their portion [...]
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Uncovering Archaeology Protection for Construction Projects
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Outgoing Louisiana Citizens CEO Favors a Team Approach
When John Wortman, the outgoing CEO of Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort, joined that organization in 2007 it was overwhelmed with claims and litigation resulting from Hurricanes Katrina and Rita, and beset by software woes and a bookkeeping debacle, among other things.
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February 10, 2011 at 4:24 am