Description: The COVID-19 pandemic and its economic effects have resulted in significant insurance impacts. The General Insurance Research Committee (GIRC) of the SOA put forth a call for essays exploring the potential effects on commercial liability insurance. The committee selected this essay, “Evolving Trends in Commercial Liability Insurance,” submitted by Karl Canty and Varun Balutia of EXL, and awarded them a prize of $1,000. The GIRC congratulates the authors and is happy to publish the winning essay on The Actuary website

Description: This report focuses on analyzing and managing climate change and carbon risk in the equity investment portfolios of insurance company and pension fund assets.

Description: Collision coverage helps pay to repair or replace vehicles if damaged in an accident with another vehicle or object.

Description: This report provides a general introduction, a brief summary and a list of references that include various articles, papers, program proposals and legislative notes that provide additional insight into the following topics related to Business Interruption Insurance and the effects of the coronavirus (COVID-19) pandemic on its current and future state of coverage: • General Information on Business Interruption Insurance • Legal Actions • State and Federal Legislation • Proposed Private/Public Partnerships for Future Pandemics as they Relate to Business Interruption Insurance • Impact of COVID-19 on Businesses, Insurers and Reinsurers: Magnitude of Losses and Future Business Interruption Coverage • Future of Insuring a Pandemic

Description: This research report introduces Delta Boosting as a new member of the boosting family.

Description: This report focuses on analyzing and managing climate change and carbon risk in the equity investment portfolios of insurance company and pension fund assets.

Description: The research provides a modeling framework for assessing the inundation risk of properties and their expected flood damages, thereby laying a foundation for flood insurance pricing. The researchers studied over 50 years of claims data from the National Flood Insurance Program with 2.5 million records and identify property characteristics that predict flood damages for inundated properties. The development of a private flood insurance market benefits from insurers’ ability to better understand and price flood risk. This research takes a closer look at flood risk modeling and flood insurance pricing.

Description: This report provides a general introduction, a brief summary and a list of references that include various articles, papers, program proposals and legislative notes that provide additional insight into the following topics related to Business Interruption Insurance and the effects of the coronavirus (COVID-19) pandemic on its current and future state of coverage: • General Information on Business Interruption Insurance • Legal Actions • State and Federal Legislation • Proposed Private/Public Partnerships for Future Pandemics as they Relate to Business Interruption Insurance • Impact of COVID-19 on Businesses, Insurers and Reinsurers: Magnitude of Losses and Future Business Interruption Coverage • Future of Insuring a Pandemic

Description: The Casualty Actuarial Society, the Society of Actuaries Research Institute, the Society of Actuaries Joint Risk Management, Reinsurance and Financial Reporting Sections are pleased to make available key findings from the 2022 Emerging Risks Survey, the sixteenth in the series. Conducted by Max J. Rudolph of Rudolph Financial Consulting LLC, the survey incorporated a set of Emerging Risks defined by the World Economic Forum as the basis for several of the questions. The survey also included questions related to current risk management topics.

Description: This article examines the property losses sustained by homeowners and the economic losses sustained by insurance companies and government agencies due to California wildfires.