Category Archives: Uncategorized

Does the Homeowner Flood Insurance Affordability Act “Gut” Biggert-Waters?

Six months ago we wrote about the 2012 Biggert-Waters Act (BW-12) and people’s reactions to it at that time.  In the intervening six months, a lot of reacting has happened.  Most importantly, the Homeowner Flood Insurance Affordability Act (HFIAA) was passed. After Biggert-Waters was passed, there was a public outcry.  It was so universal across … Continue reading Does the Homeowner Flood Insurance Affordability Act “Gut” Biggert-Waters? »

The Biggert-Waters Act: What Does It Do, and What Next?

Drafted in the wake of the 2004/2005 hurricane season and Superstorm Sandy, the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12, or Biggert-Waters) makes a number of changes to the National Flood Insurance Program (NFIP).  The changes are primarily rate increases or re-mappings to “reflect true flood risk.”  Essentially, BW-12 eliminates, or gradually eliminates, subsidies … Continue reading The Biggert-Waters Act: What Does It Do, and What Next? »

Medicare Cost Plus: Yes or No?

Self-insured group medical plans are very prevalent and have served plan sponsors well in many respects.  However, plan sponsors have experienced increases in per capita medical costs that greatly exceed the Consumer Price Index for all urban consumers (CPI-U) for many years.  The vast majority of self-insured group medical plans in-force in 2013 utilize a … Continue reading Medicare Cost Plus: Yes or No? »

The Future of Insurance Pricing

Within the last 15 years there have been significant innovations in the pricing of personal and commercial insurance.  Three quick examples come to mind: The use of more powerful pricing models, often based on Generalized Linear Models (GLMs) The use of personal and business credit histories The advent of Usage Based Insurance (UBI) These innovations … Continue reading The Future of Insurance Pricing »

What About Louisiana Senate Bill 19?

According to Louisiana Senate Bill 19, Louisiana Citizens Property Insurance Corporation would be required to get approval from the state House and Senate committees before rate increases of more than 25% could go into effect.  The bill, sponsored by Sen. Bret Allain, was introduced in the Senate due to large rate increases many Citizens policyholders … Continue reading What About Louisiana Senate Bill 19? »