Industry Expected to Withstand Insured Losses From Florence September 13, 2018 By Denise Johnson Changes in the path and intensity of Hurricane Florence are keeping forecasters, government officials and insurers on their toes. An...
Business News: AIR Worldwide, RGL, Encompass August 23, 2018 AIR Worldwide Releases Updated Wildfire Model for the United States Catastrophe risk modeling firm AIR Worldwide (AIR) released an updated...
Insurers Begin Modeling Casualty Catastrophes February 21, 2018 By Denise Johnson Scenario-based modeling has been used for property risk for some time, but its application in the casualty area is recent,...
People News: AIG, AIR Worldwide, CAIF February 7, 2018 AIG Names DeSett Head of Field Operations, North America General Insurance American International Group, Inc. announced that Timothy DeSett will...
As Recovery Begins, Industry Tallies Irma’s Mounting Costs September 21, 2017 With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65...
Change in Irma’s Course Reduced Economic Loss by $150B September 12, 2017 By Brian K. Sullivan Twenty miles may have made a $150 billion difference. Estimates for the damage Hurricane Irma would inflict on Florida kept...
Update: Claims Teams Begin Handling Onslaught of Harvey Cat Losses August 30, 2017 By Denise Johnson Hurricane Harvey has set a U.S record, according to the National Weather Service, dumping 51.88 inches of rain in parts...
Earthquake Models Continue to Evolve May 25, 2017 By Denise Johnson With a focus on tectonic plate movement, induced quakes and subperils, earthquake models continue to evolve, according to Andrew O’Donnell,...
Businesses Face Evolving Cyber Risk May 5, 2017 By Denise Johnson Though several factors affect a firm’s cyber risk, people remain the critical vulnerability, according to Scott Stransky, assistant vice president...
Managing Supply Chain Risk in 2017 January 19, 2017 By Denise Johnson Supply chains are subjected to a wide range of potential disruptions and risks every year, according to Aaron Michel, senior...