Ways to manage property & casualty insurance losses through risk management best practices. Find tips insurance agents & brokers can share with homeowners, auto & business owners.
Since differences in catastrophe-model estimates essentially result from differences in frequency and severity assumptions, modeling pioneer Karen Clark proposes that rating agencies use “benchmark” 100-year catastrophes to gauge cat risks for rated companies, rather than PMLs that can vary widely depending on the modeler and the version of the model...
Inland Marine carriers are dealing with a soft market, increased competition in this historically profitable niche, and new federal regulations that complicate the assessment of risk.
The insurance needs of homeowners and businesses will evolve as they upgrade their property with green technology, and agents who can position themselves as knowledgeable on the topic and who check in with clients to discuss renewable-energy investments and exposures will be providing a valuable service to customers—and giving themselves...
Funding from the federal government is paving a path toward revolutionizing the modeling of storm surge, a Texas University scientist told members of a Senate committee at a hearing held Monday.
Funding from the federal government is paving a path toward revolutionizing the modeling of storm surge, a Texas University scientist told members of a Senate committee at a hearing held Monday.
CoreLogic recently examined the exposure of single residential structures (homes) to storm surge within 10 predefined geographic areas in the U.S. See which cities made the list and what exposure levels they face if a Category 5 hurricane makes a direct hit.
Hard hats and steel-toed shoes don't usually lead to thoughts of custom boutiques. Yet for many higher-exposure and hard-to-place workers’ compensation accounts, a specialty niche approach to managing risk is a natural evolution.
The death of Osama bin Laden is good news to insurers—and to the U.S.—due to the manner in which operatives cornered the Al Qaeda leader, but by no means should it promote a dropping of the guard in the industry, says Gordon Woo, a catastrophist with Risk Management Solutions.