Loss Control

Scientists are finding evidence that man-made climate change has raised the risks of individual weather events, such as floods or heatwaves, marking a big step towards pinpointing local costs and ways to adapt to freak conditions.

Insurers may not be able to control the frequency of catastrophes, but they can certainly control their losses through better claims managementand ultimately, through better underwriting methodologies.

Representatives of an industry association voiced strong support for legislation that would provide additional incentives to states that adopt uniform and enforceable building codes.

The House late Monday rejected a measure that would have permitted North Dakota communities to redevelop flood-prone open spaces that were bought out by the federal government.

Second-quarter catastrophe-bond issuance increased in 2012 over 2011, and a recent analysis describes the current market outlook as very encouraging as strong investor demand and available capital point to increased issuance from sponsors going forward.

Medical Malpractice insurers are struggling against a dwindling client base, a soft market, burgeoning jury awards and new federal health-care regulations as they try to retain current business and attract new clients.