An agentic pricing pipeline compounds a bad ingestion assumption through triangle development, LDF selection, and rate indication with no correction, since the pipeline, not any model, is the real unit of risk.
U.S. casualty lines posted $15.8B in adverse prior-year development in 2024, the highest on record, as nuclear verdicts hit $31.3B, contaminating the loss development factors actuaries use for 2026 reserve reviews.
By Sarah · 12 min
CMS-4215-P would permanently codify mandatory Part D formulary inclusion and add up to 20 negotiated drugs a year from IPAY 2029. A GCDC, DIR, and AEBD bid math walkthrough before the August 17, 2026 comment deadline.
By Beth · 9 min
Explainable Boosting Machines, an interpretable model from Microsoft Research, are entering P&C rate filings as Colorado's July 2026 deadline and 23-state NAIC bulletin adoption make AI explainability enforceable.
By Shruti · 12 min
Gallagher Re's July 2026 data shows non-marine catastrophe retrocession rates falling 10% to 20% for loss-free accounts, as nine first-time sponsors turned to cat bonds to manage PML ahead of hurricane season.
By Sarah · 12 min
KPMG's April 2026 review of 55 insurers shows IFRS 17 CSM release ratios diverging sharply by product line, and analysts now read that variation as a proxy for life insurer earnings quality.
By Maya · 13 min
NCOIL shelved its AI model act in March 2026 after failing to reach consensus, leaving carriers to navigate four overlapping AI compliance regimes with no unified framework and a federal preemption fight unresolved.
By Sam · 13 min
WA Cares Fund began paying long-term care benefits July 1, 2026, testing Milliman's projection of 25,000 to 35,000 year-one claimants against its 2099 solvency finding at a 0.58% payroll premium rate.
By Beth · 13 min
“U.S. casualty lines posted $15.8B in adverse prior-year development in 2024, the highest on record, as nuclear verdicts hit $31.3B, contaminating the loss development factors actuaries use for 2026 reserve reviews.— Sarah, in today's edition
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