Market Insights

For the third time in 15 months, Florida property insurers are being told to belly up to the bar and pay another Florida Insurance Guaranty Fund (FIGA) assessment to clear up the claims left behind

The announcement that four private insurers were willing to snatch tens of thousands of policies out of the state-run Citizens Property Insurance Corporation is being greeted as wonderful news within

Scanning the spectrum of insurance technology, I believe one factor leaps above most others. From policy administration to claims to document management to underwriting to most other systems (for

Hurricane Katrina may have reminded us that those who are exposed to wave wash or flooding need to have federal flood insurance, but few have learned about the Johnstown Flood of 1889.

All environmental losses share common characteristics.

The business of adjusting claims has remained the same old game, despite advances in technology and the advent of the Internet.