Loss Control

Models can be extremely useful tools, but they can never replace an educated, thoughtful human brain.

Models can be extremely useful tools, but they can never replace an educated, thoughtful human brain.

The risk of a major terrorism attack in the U.S. is lower for 2013 than it was for 2012 due to changes in the global terrorism landscape including the death of Osama bin Laden and one of his deputies, according to Risk Management Solutions.

Whats so special about the Olympics? For an insurance broker, dispensing with the excitement of the moment, the Olympics are just another sporting event, but on a grander scale, say some experts.

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.

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.