Center for Insurance Policy and Research examines potential impact of autonomous vehicles on insurance sector. More than 300 regulators, consumer representatives and industry stakeholders discussed autonomous vehicles at a forum coordinated by the Center for Insurance Policy and Research (CIPR). The event, Gearing Up for Autonomous Vehicles, was held in conjunction with the National Association […]
Auto Physical Damage Insurance Underwriting Profit Declining Over Past Decade
Latest statistics from the National Association of Insurance Commissioners indicates that the percentage of premiums going to pay losses increasing. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2014, released on December 31, 2015, illustrates the increasing percentage of underwriting dollars going to pay claims on […]
NAIC Elects 2016 Officers
Members of the National Association of Insurance Commissioners (NAIC) on November 22 elected its 2016 officers: President: Missouri Insurance Director John M. Huff President-Elect: Kentucky Insurance Commissioner Sharon P. Clark Vice President: Wisconsin Insurance Commissioner Ted Nickel Secretary-Treasurer: Tennessee Insurance Commissioner Julie Mix McPeak The newly elected officers will assume their duties on Jan. 1, […]