Personal Lines

Here are nine predictions for 2024, based on the certainty that few of yesterday’s approaches will be successful in tomorrow’s world.

When adjusting catastrophe models for current and future climates, consider whether unquantified risks could be lurking in the tail.

Updated building codes have saved the U.S. over $1.5 billion in avoided losses annually since 2000. Insurers must promote such practices.

Historical data can be an unkind partner in times of sudden change. For risk-based pricing for auto insurance, these are such times. 

Lemonade's current approach makes much more sense than the original plan, but they still seem far from delivering.

We need to reduce the cost of cut-the-pipe automatic shutoff functionality by at least a factor of five. How do we get there?

Idalia's storm surge and floods underscore the need to accurately model and incorporate secondary perils into catastrophe models.

The swift payouts based on objective data make it a versatile and responsive tool for managing climate risks preemptively.