Citizens of Nevada may be seeing a refund come their way this year after the Division of Insurance (DOI) approved regulation R087-20 on December 28, 2020. This measure prohibits personal lines property and casualty insurers from taking adverse action when re-scoring policyholders at renewal and requires that a refund be made for any increase in […]
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On December 20, 2019 President Donald J. Trump signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2019. The NAIC Terrorism Insurance Implementation Working Group recently issued bulletins related to this matter. his Reauthorization Act of 2019 changes the Terrorism risk Insurance Program as follows: Extends the Federal Terrorism Risk Insurance Program through […]
On May 12, 2020, the New Jersey Department of Banking and Insurance (“DOBI”) issued Bulletin 20-22 ordering insurers to make an initial premium refund or other adjustment to all New Jersey policyholders adversely impacted due to overstatement or misclassification of risk resulting from the COVID-19 pandemic. Insurers are directed to provide each affected policyholder with […]
On April 13, 2020, the California Department of Insurance (“CDI”) issued a Bulletin ordering the refund of premium to drivers and businesses affected by the COVID-19 emergency. Based on our discussions with the CDI, they are expecting a report by June 12 from every company with California policyholders in any of the lines of business listed […]
On April 13, 2020, the California Department of Insurance (“CDI”) issued a Bulletin ordering the refund of premium to drivers and businesses affected by the COVID-19 emergency. The implications of the Bulletin are complex and require consideration of various aspects of an insurer’s business model. Perr&Knight is having discussions with the staff at the CDI […]
As you may be aware, the California Department of Insurance (“CDI”) issued regulations prohibiting the use of gender in automobile insurance rates. If insurance companies use gender in determining the rates for personal auto insurance, they will be required to submit a filing removing gender from the company’s class plan by July 1, 2019. The regulations […]
If your company is contemplating a change in the actuary that issues the Statement of Actuarial Opinion on the company’s reserves, please consider obtaining a quote from Perr&Knight. We are one of the top 10 largest property and casualty actuarial consulting firms in the United States and employ more than 100 insurance professionals, including 25 […]
Are you getting the most out of your data? Whether it be in personal lines pricing, commercial lines underwriting, claims handling or fraud detection, your data should be helping you run an efficient, profitable organization. Through predictive analytics and your data, you can gain insights into your business, like: What is the most predictive rating […]
Are your operations due for some Spring Cleaning? It’s never a bad time to make sure your insurance operations are in order and ready to face an internal audit or market conduct exam. A little Spring Cleaning, in the form of a compliance audit, can help a company avoid fines, cease and desist actions or […]
BOSTON – May 1, 2018 – Duck Creek Technologies has expanded its Partner Ecosystem program through a formal relationship with Perr&Knight, a leading provider of insurance consulting and software solutions to the property & casualty and accident & health industries. Perr&Knight helps its clients achieve their goals by providing actuarial and insurance operations consulting services […]
Canceled. Holding virtual events.
Personal Lines Insurance Market Disruptors –COVID-19, InsurTechs, Global Warming and More!
Have you heard how the personal lines insurance market is being disrupted? InsurTechs are delivering innovative product ideas to the market with fast, technology driven services. On the flip side, COVID-19 is forcing disruptions to the market through leniency, refund requirements and rapidly evolving loss exposure while more extreme weather events are increasing uncertainty and costs.
Scott Whitaker and Michael Goldman of Perr&Knight will be presenting and sharing more about these disruptive forces, along with tips for navigating them to gain market share and profitability.
2020 Virtual Compliance Checkup
Meet our team of experts.
Dana Pagliarulo, PMP, PMI-ACP
Senior Manager | Enterprise Software Solutions
Charles R. Lenz, ACAS, MAAA
Principal & Consulting Actuary
Julie Russell, ACAS, MAAA
Judith D. Perr, ACAS, MAAA
Principal & Consulting Actuary
Chief Administrative Officer