There seems to be a lot of misperception about what price optimization really is, largely driven by publicized assumptions that it will only serve the best interests of the company and hurt the consumer.

Because capacity increased at a higher rate than that of profits, the industry rate of return fell. Winter and spring catastrophes also contributed to weaker underwriting performance.

Slow and steady wins the race, as the composite rate for commercial insurance coverage in the US rose an average of 1.5% in September.

Get ready. The relatively mild autumn that many of us are enjoying could soon give way to a historically rough winter, with below-normal temperatures predicted for at least three-quarters of the country.