While no insured loss totals were available, PCS generally declares a catastrophe when there is an insured loss of more than $25 million and an impact on a significant number of policyholders and ins
The study says that worldwide there were 143 natural catastrophes and 193 manmade disasters in 2007. These resulted in the loss of 20,000 lives and $70 billion in economic losses. Property insurers pa
Malcolm Tarling, a spokesman for the Association of British Insurers, told NU Online that it is too early to assess the damage from Johanna that is expected to last until tomorrow. He said insured los
Welcome back: Part I of this article appeared in last month's issue. To recap, the first five technology trends were going "green" (some clients are highly motivated by "green" ways of doing business); telepresence (webinars, live chat, webcams,
CDS Business Mapping, a developer of online hazard mapping, announced it has added Maryland and Virginia to its RiskMeter online storm surge report. By adding these states, the RiskMeter Online now
Anticipating catastrophic events and having a handle on their potential impact and costs are critical to insurer operations. The following are several relevant tools introduced or upgraded during the
Gary Kerney, assistant vice president, Property Claim Services for ISO, said that "PCS assigned catastrophe serial number 27 for damage caused by wind, hail, tornadoes and flooding in Alabama, Arkansa
The findings came in a paper on the subject in the magazine Nature written by Professors Mark Saunders and Adam Lea. Both are based at the Department of Space and Climate Physics at University College
ISO Risk Analyzer Personal Auto is a predictive model that helps insurers classify, segment, and price personal auto risks. The analytic tool examines more than 1,200 indicators and predicts expected
"The Norwegian Nobel Committee has decided that the Nobel Peace Prize for 2007 is to be shared, in two equal parts, between the Intergovernmental Panel on Climate Change and Albert Arnold Gore Jr.