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Connecticut bans price optimization in insurance rates

At the end of last week, Connecticut Insurance Commissioner Katharine L. Wade announced that the state's Insurance Department has officially warned all property and casualty insurers against using price optimization, a controversial pricing method that, in...

2016 will be transformative for the insurance industry

According to a new report from financial giant Ernst & Young (EY), 2016 is going to be quite a different year for property and casualty insurers than recent times. There will be transformations in a number of areas within this industry, including an increased...