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. ISO Releases Advanced Rating Kit for Auto April 10, 2013The bundled offering incorporates predictive modeling tools. Video: AIG's Benmosche Talks Data and Risk Management February 22, 2013In a CNBC interview, the AIG CEO says that the company is using data to develop products with better margins. Weather Forecasts Aren't Doing Models Any Favors February 07, 2013The absurd forecasts for a nor'easter tomorrow don't exactly engender confidence in technology's ability to give us actionable insight. Towers Watson: Life CFOs Demand Faster Financial Modeling February 06, 2013Financial models are a work in progress at life insurance companies, even as they become more crucial to address business challenges. 5 Years, 5 Top Disruptors, One 800lb Analytic Gorilla - Novarica Study February 01, 2013Big Data and analytics are implicated in four of the respondents' top five business disruptors and explicitly identified as comprising the fifth. 3 Ways Insurers Can Win with Predictive Analytics January 31, 2013Implementation of predictive modeling is on a slow but steady climb in insurance. Here's some tips for getting the most out of your initiatives. How Predictive Modeling Exposes Claims Scams January 30, 2013Universal American has saved millions using a FICO predictive modeling tool to uncover fraud. Here's how. 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. Looks Like the Models Were Right After All November 30, 2012Data indicates that the area flooded by Superstorm Sandy was well within expected parameters. UK Also Grapples with Wisdom of Government Flood Insurance November 28, 2012In the wake of devastating flooding in England and Wales, the UK government is considering what it should do to insure losses. Cost Shifting: A Fresh Look at Soft Fraud November 25, 2012While safety has increased and frequency of injury has decreased, severity of injuries has increased, suggesting that medical providers are shifting costs from government and private health payers to casualty insurers. 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.
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. Hurricane Sandy Insured Losses Widely Outstrip Irene October 30, 2012Hurricane Sandy appears to have easily
caused more losses than last year's Hurricane Irene, but final
totals will be hard to come by for some time because of the
scale of the disaster, catastrophe forecasting companies said on
Tuesday. As Sandy Approaches, Report Questions Whether We'll Know About the Next One October 28, 2012The New York Times reports that the fleet of hurricane-tracking satellites is aging, and could fail without a potential replacement for a year or longer. Is Climate Change Altering Insurers' Hurricane Risk? October 26, 2012Hurricanes Irene and Sandy -- not to mention the "Frankenstorm" into which Sandy might develop -- are clear indicators that it's not just Florida at risk for major hurricane damage anymore.