Catastrophe & Restoration

To raise awareness of the environmental impact of replacing windshields, HSG and Esurance will plant 8,000 trees.

I’ve written a great deal about how technology can make a difference in how an insurance carrier reacts to a catastrophe, but all the tools in the world are meaningless if a carrier doesn’t offer the personal touch that people need when they are in the midst of a tragedy.

Aon Benfield says the severe weather events resulted in 20,000 insurance claims in the Southeast and the Mississippi Valley with payouts exceeding $120 million.

Insured losses from the March 11 Japan earthquake and tsunami will likely range between $21 billion and $34 billion, including both P&C and life and health claims.

In May 2010, when parts of Tennessee saw 13 inches of rain in a mere two days, the overflowing of the Cumberland River affected structures throughout Nashville.

Had the earthquake, resultant tsunami, and nuclear disaster that occurred in Japan happened in the U.S., the vast majority of homeowners and companies suffering losses would find little help from their insurers.