Hippo Strengthens Insurance Leadership with New C-Suite Appointments
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Veteran insurance leaders will drive Hippo’s underwriting, actuarial and pricing, portfolio, reinsurance and capital management practice areas as the company scales to protect millions more homeowners.
We are pleased to welcome each of these incredible leaders in their own right, whose individual insights and experience will help Hippo focus on accelerating our growth and maximizing our long-term value. PALO ALTO, Calif. (PRWEB) June 02, 2021 Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced new executive appointments to its insurance team who will report to Rick McCathron, President of Hippo. Each leader brings seasoned experience from top property and casualty (P&C) insurers to support the growth and expansion of Hippo’s protective home insurance products.
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They’re Back! Actuarial Society, Under Pressure, Reinstates Ratemaking Rules
Less than a month ago, the prospect that long-held principles of actuarial ratemaking would survive an action by the Casualty Actuarial Society board of directors to rescind them seemed like a long shot.
But facing continuing pressure from actuaries representing regulatory agencies and consumer interests, the CAS announced a reversal May 7. The reversal came after the CAS had confirmed the rescission on April 1.
The reinstatement restores language ratemaking actuaries and regulators have followed for years: “A rate is reasonable and not excessive, inadequate, or unfairly discriminatory if it is an actuarially sound estimate of the expect value of all future costs associated with individual risk transfer.”