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| News for property casualty insurers |
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- Study: Insurers may not recover losses caused by climate change
The growing number and intensity of storms and floods caused by climate change each year could have a severe impact on the global insurance industry, according to a study from the Association of British Insurers. Property/casualty insurers might not be able to meet capital requirements as they struggle to recover from massive catastrophe losses, the group said. Reuters
(11/4)
, Business Insurance
(11/4)
     
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| | Can micro-segmentation lead to massive ROI?
Download this success story to learn how Farmers Insurance Group, the third-largest US personal lines insurer, used SAS to analyze and model customer lifetime loyalty and profitability, which yielded an early savings of 15 percent on policy renewal costs and an ROI of 14 percent on direct mail campaigns. Click here to download. | |
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 ADVERTISEMENT |
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| Industry Trends |  | |
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- FCC, DOT unite to fight distracted driving
The Department of Transportation and the Federal Communications Commission have formed a partnership against distracted driving. The agencies have agreed to conduct an evaluation of technologies that could provide effective solutions to curb the use of certain electronics as well as host an outreach educational campaign to inform the public about the dangerous effects of texting, using cell phones and engaging in other distracting behavior while behind the wheel. Computerworld
(11/4)
, The Trucker
(11/4)
, The Hill
(11/4)
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| The Buzz(CORPORATE ANNOUNCEMENTS)
Can micro-segmentation lead to massive ROI? Download this success story to learn how Farmers Insurance Group, the third-largest US personal lines insurer, used SAS to analyze and model customer lifetime loyalty and profitability, which yielded an early savings of 15 percent on policy renewal costs and an ROI of 14 percent on direct mail campaigns. Click here to download.
Interested in learning more about advertising in PCI SmartBrief? Contact Corey Thibodeau at 202.737.5500 ext. 267 or cthibodeau@smartbrief.com.
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| Catastrophic Risk | | |
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- Mid-continental tremblers might be aftershocks of big quakes
Earthquakes from mid-continent faults could be viewed not as new seismic activities but as delayed aftershocks of major quakes, according to a study by U.S. researchers. Mid-continental quakes usually produce aftershocks that could occur after hundreds of years compared with those generated by continental edge faults, which spawn aftershocks only days later. USA TODAY
(11/4)
| Association News | | |
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- PCI releases video on credit-based insurance scoring
Deirde Manna, PCI vice president of industry, regulatory and political affairs, and Alex Hageli, PCI director of personal lines policy, discuss the importance of credit-based insurance scoring and how the use of credit information helps consumers save money in PCI's latest video, "What Consumers Should Know about Credit-Based Insurance Scoring."
| SmartQuote | | |
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