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Catastrophe planning and response by an insurance company is an important and difficult task.

Chubb Corp. said second-quarter profit fell 14% and lowered its 2014 forecast after margins worsened on claims costs tied to fires.

Chubb Corp. said second-quarter profit fell 14% and lowered its 2014 forecast after margins worsened on claims costs tied to fires.

Shares of the insurance broker are down 4% Friday after revenue missed estimates and reinsurance sales declined in the quarter.

It isn't easy, and everyone knows it.

Telematics data is categorically different than anything many insurers have likely dealt with before. Think about the raw telemetry that a vehicles accelerometer generates, which indicates forces acting on a car in each of three dimensions at a moment in time.