Topics: Catastrophe First Major Tornado Outbreak Levels Homes, Kills 6 in Texas May 16, 2013Insurance loss estimates have yet to be released for storms that hit a community southwest of Fort Worth last night. Selective Announces Executive Promotions in Claims and IT May 13, 2013Among a roster of recent appointments and promotions announced by Selective Insurance were George Neale as SVP, Chief Claims Officer, and John Bresney as SVP, Application Delivery Services. The Hartford CEO: "We've Planned for Higher CATs This Year" (Video) May 10, 2013The Hartford CEO Liam McGee tells Fox Business that the company expects weather to "be more severe this year" RMS Debuts the RMS (one) Real-Time Exposure and Risk Management Environment May 09, 2013The new environment will provide intuitive, enterprise-wide access to real-time risk intelligence, enabling decision-makers at every level of the organization - from risk analysts to the CEO - the opportunity to ask questions and get answers in real time, according to the vendor. Who's On The Hook for Boston Claims? April 25, 2013Policyholders in the blast zone may not have an easy time recouping their losses via insurance, according to the Wall Street Journal. Mutual Insurers More Sensitive to Catastrophe, Process and Technology Can Bridge the Gap April 17, 2013Policy holders concentrated by type and geography are among the reasons mutual insurers are more susceptible to catastrophe claims challenges, but proactive measures and technology solutions can enable carriers to compensate, according to Willis Re. What 4 Model Insurers Say About Industry Trends March 08, 2013Celent recognized 18 insurers with Model Insurer awards last week for their innovative use of technology. These four are early adopters of capabilities that we predict will become table stakes across insurance. In CAT-Prone Haiti, Microinsurance Gains Steam January 30, 2013When Hurricane
Sandy struck Haiti late last year, the home Guerda Pierre shares
with her three children and mother in Cabaret, north of
Port-au-Prince, was flooded - and so was the merchandise she
sold to make a living. Sandy Dominates Conversation at P&C Industry Forum January 16, 2013Both industry observers and industry participants spent a lot of time discussing Hurricane Sandy at this year's Insurance Information Institute Property/Casualty Joint Industry Forum. Joplin Losses Still Not Settled 18 Months Later January 11, 2013With insurance companies still tabulating losses from the May 2011 Joplin, Mo., tornado, it's folly to expect any clarity on the full scope of even larger events like Hurricane Sandy for years. U.S. Accounted for 90% of Insured Natural Catastrophe Losses in 2012: Munich Re January 04, 2013According to the insurer's 2012 Natural Catastrophe Year in Review report, Superstorm Sandy and the summer's drought caused record losses in the U.S., although globally losses were lower than in 2011. 11 Answers to 2012's Burning Questions December 14, 2012Last year we identified 11 questions we expected to be answered by the insurance technology industry in 2012. How much clarity did we get? How Insurers Can Prevent Post-Catastrophe Blowback December 14, 2012The insurance industry's reputation is taking a post-Sandy hit as vocal policyholders express their opinions that their claims are undervalued. It's easy to prevent this. Insurers Across Lines of Business Focus on Continuity Post-Sandy November 07, 2012Current and former Elite 8s were forthcoming about business continuity plans on several I&T Summit panels. Sandy's Lesson: There's No Substitute for Real Data November 02, 2012All insurers -- not just P&C -- should learn from Hurricane Sandy that you can always better understand the risks to which you are exposed. Sandy Illustrates Need for Better Claims Mobility: Aite's Applebaum November 02, 2012Claims technologists reported dissatisfaction with mobile capabilities before Sandy – and the catastrophe will only highlight the need, says Aite Group's Stephen Applebaum. Friday Sandy Update: Homeowners Could Still Face Hurricane Deductibles November 02, 2012A Reuters report says courts could ultimately have the final say on what policyholders pay in the wake of Hurricane Sandy. Sandy’s Lessons Emerging for P&C Industry November 01, 2012Property/casualty insurers may find themselves reconsidering their business continuity plans and reevaluating catastrophe models and claims response strategies, say industry analysts.
Eye on Sandy: Loss Estimates Double, N.Y. Exempt from Hurricane Deductibles November 01, 2012The New York State Department of Financial Services told insurers that deductibles should not be triggered because Sandy did not sustain hurricane-force winds when it hit the city. Sandy "Worst Possible Category 1 Storm" for N.Y. City: CoreLogic October 30, 2012Dr. Tom Jeffery, chief hazard scientist for CoreLogic, says the only way to get a bigger storm surge in Manhattan is with a Category 2 storm.