Deciding When BPO Makes Sense: Homesite Insurance's 3 Criteria September 13, 2012The Boston-based personal lines P&C carrier recently called on Blue Cod Technologies to manage its California earthquake business. Homesite CIO Peter Settel shares the criteria that the BPO relationship had to meet. Earthquake Perspective on the Anniversary of the New Madrid Quakes December 16, 2011Bearing in mind RMS's estimates of the potential damage caused by a 6.0 quake at the New Madrid zone, it's chilling to think what a much bigger quake would mean. Va. Earthquake Spurs Discussion Over Insurance August 24, 2011After a relatively minor temblor spooked residents of the densely populated Boston-Washington corridor, consumers may begin to take this risk seriously.
Natural Disasters Build CAT Losses in Advance of Atlantic Hurricane Peak June 10, 2011Fires, floods and volcanic eruptions add to an already extraordinary year of catastrophes, even before the Atlantic Hurricane Season warms up. Will St. Louis be chest-high in water? Japan Earthquake: A CAT Management Retrospective May 04, 2011The massive earthquake and ensuing tsunami and nuclear emergency in Japan have touched many insurers. But the full scope of the damage is still unknown. As Carriers Release Loss Estimates, Total Continues to Climb April 13, 2011RMS' estimate for total Japan insured losses has reached $34 billion, but some carriers are still basing their loss estimates on earlier numbers. Japan Aftershock Not as Bad as Originally Feared April 08, 2011A tsunami warning issued shortly after the 7.1 magnitude quake occurred was quickly lifted and relatively minimal damage has been reported. Chartis' Japan Unit Plans to Use IOS Devices For Claims Adjustment April 07, 2011A total of 100 iPads and iPhones wil be disbursed to AIU Insurance Company adjusters beginning April 11. Japan Aftershock Could Trigger Another Tsunami April 07, 2011The 7.4 magnitude quake could lead to a two-meter tsunami. Japan Domestic, Global Reinsurance Market Should Be OK Following Quake, Tsunami: Towers Watson April 04, 2011The company cites changes following Hurricanes Katrina, Rita and Wilma; as well as government coverage, with softening the blow for carriers. After a Fortnight, Japan Situation Remains Unclear March 25, 2011News this morning, two weeks after the original earthquake, of a potential reactor breach at a stricken nuclear plant headlines the week's developments. Early Carrier Estimates Trickle In for Japan Quake Losses March 22, 2011While most carriers and observers are steering clear of releasing hard numbers, Swiss Re and Chartis have decided to do just that. U.S. Insurers Continue Donations to Japan Relief Effort March 21, 2011New York Life today added $100,000 to several large donations made by insurance carriers over the past week. Argo Group Says Christchurch Quake Losses $35m to $45m March 18, 2011The Bermuda-based specialty international direct and reinsurance underwriter demurred from publishing an estimate on the March 11 Japan earthquake owing to limited information and significant remaining uncertainties. Insurance Outlook Still Uncertain One Week After Japan Quake March 18, 2011The news out of Japan remains grim, and insurers — like many others — can still only wait and see what will happen. Carriers in Japan Must Buck Their Reputation March 15, 2011Research finds that Japanese consumers have a poor view of the insurance industry, but carriers can show that it's unwarranted in their response to the earthquake. More Video and Other Updates on Japanese Quake and Tsunami March 11, 2011The country's broadcasting arm, NHK; as well as several other outlets, have posted several videos showing the destructive power of this morning's seismic event. Technology Shows the World Scope of Japan Earthquake Disaster March 11, 2011Technology shows the world scope of Japan earthquake disaster; even within a few hours or the 8.9 magnitude earthquake and subsequent tsunami there was a tremendous amount of information about the scope of the tragedy. Recent Natural Catastrophes Should Alert U.S. Insurers to Dangers April 05, 2010Experience with seismic events mitigated the human and property toll of the February Chile earthquake -- lessons that should inform insurers' planning in parts of the U.S. RMS Debuts Earthquake Risk Parametric Industry Loss Index January 21, 2010Paradex U.S. Earthquake combines ground shaking data from U.S. Geological Survey (USGS) ShakeMaps with industry exposure data to calculate insured loss estimates.