Both current and expected near-term general inflation continue to be low by historical standards, but there are pockets of rising inflation. By most measures, the U.S. economy is still growing, but capacity constraints might increase the likelihood of near-term price increases. From a macroeconomic policy viewpoint, gradually rising inflation is possible. Many forecasters project headline CPI for 2018 to range between 1.5 and 2.7 percent.
Aside from the danger of flooding, heavy rainfall can also lead to mudflow, basically creating a river of mud; and landslides, which are caused by the movement of the destabilized land—due either to gradual erosion or an accumulation of water. In this Q&A, learn what the difference is between mudflow and landslides in order to protect your property against a loss from either event.
Traffic fatalities were 1 percent lower in the first six months of 2017, compared with the same period in 2016, according to preliminary estimates from the National Safety Council (NSC). The organization says the decline comes after the steepest estimated two-year increase in traffic deaths since 1964.
WEATHER INSURANCE- A type of business interruption insurance that compensates for financial losses caused by adverse weather conditions, such as constant rain on the day scheduled for a major outdoor concert.
CLAIMS MADE POLICY- A form of insurance that pays claims presented to the insurer during the term of the policy or within a specific term after its expiration. It limits liability insurers’ exposure to unknown future liabilities. (See Occurrence policy )See Full Glossary
Milliman Advanced Analytics’ James Dodge leads the conversation on the digital tech revolution. Insurance Thought Leadership’s Guy Fraker, Pypestream’s Donna Peeples, and The Institutes’ Pete Miller weigh in at #PCForum2018. Miller says “we’re seeing a confluence of technology we haven’t seen before” and that #blockchain “allows organizations to share info in a secure and trusted environment.”
Insurance Institute for Business & Home Safety’s Julie Rochman moderates the discussion on natural catastrophe trends at #PCForum2018 with AIR Worldwide’s Bill Churney, Swiss Re’s Alex Kaplan, Colorado State University’s Philip Klotzbach, and McKinsey & Company’s Erwann Michel-Kerjan.
Reinsurance Association of America’s Frank Nutter leads a compelling discussion on the rapidly changing global geopolitical landscape with Deloitte’s Howard Mills, XL Catlin’s Daniel Riordan, and Control Risks’ Dan Tawfik. Tawfik visualizes heightened risk for 2018 with “the fractionalization of the geopolitical order with the energy and financial crises, and global fiscal issues on a regional and hyperlocal level.” #PCForum2018
Mike Morrissey of the International Insurance Society discusses the #insurance industry’s greatest challenges with AIG’s Brian Duperreault, Argo Group’s Mark Watson and EMC Insurance Companies’ Bruce Kelley. Duperreault says “innovation in the insurance industry depends on our understanding of risk.” #PCForum2018
Dana Perino takes questions from the audience at #PCForum2018 about today’s media landscape and the advantages and detriments of the 24/7 news cycle.
Bestselling author and news analyst Dana Perino talks millennials and their expectations for their career paths. #PCForum2018
David Sampson of PCI - Property Casualty Insurers Association of America moderates an exciting keynote discussion at #PCForum2018 with best selling author and news analyst Dana Perino.
Charles Chamness of National Association of Mutual Insurance Companies discusses the unique challenges of economic disruptors for the #insurance industry with Jay Gelb of Barclays, Len Herk of NCCI, Paul McCaffrey of CSAA, and Matthew Mosher of A.M. Best Company. #PCForum2018
Leonard Herk of NCCI describes two phenomena challenging workers comp: automation and contingent employment relationships. #PCForum2018
FOR IMMEDIATE RELEASE New York Press Office, Insurance Information Institute: (212) 346-5500; email@example.com Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com NEW YORK – (December 19, 2017) – Industry leaders from insurance and reinsurance companies, industry trade associa… Read More
California Press Office: (707) 490-9365; firstname.lastname@example.org New York Press Office: (212) 346-5500; email@example.com CALIFORNIA, December 14, 2017 —The Thomas fire, the fifth largest wildfire in California’s history, continues to rage through the southern part of the state but the property insurance… Read More