Since Hurricane Andrew in 1992, hurricane catastrophe models have become an industry standard. Today, primary insurers depend on them for rating and underwriting, reinsurers for pricing, and rating
Last month, as we entered the heart of the 2007 hurricane season, several ideas for insuring catastrophic storms began forming like tropical depressions off Cape Verde. Whether any coalesces into a lasting solution for the insurance industry's
A recent decision by Florida insurance regulators to reject Risk Management Solutions' short-term catastrophe model illustrates the controversial nature of the science of prediction.
The analysis released today by Moody's Investors Service also said that for investors in catastrophe-focused carriers and alternative risk-transfer vehicles, there is promise of good returns after low
An irate policyholder bursts into an insurance agency waiving a policy and demanding why their premiums have skyrocketed over the past year. In recent months this has become a common scenario that
"The true fallout will occur in 2006 when the industry will be forced to determine its next steps," said Chris Shea, national director for the property-casualty division of Ernst & Young Insurance and
The National Life Insurance Company has chosen the Retirement Road Map sales system from Impact Technologies Group, Inc., for the carrier's national field representatives, supplying them with a retire
A new service from ISO's LOCATION geographic information system is available to assist insurers in managing their exposure to natural catastrophes, which will help them make profitable underwriting
Catastrophe Modeling For Specialized RisksModels estimate losses for glass and other building components, as well as high-value propertiesInsurers of property lines have long benefited ...