Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for …
Catastrophe modeling firm AIR Worldwide estimates that industry ground-up insurable losses—which include exposures eligible for coverage (regardless of whether they are actually insured) without any application of deductibles or limits—from the flooding in Louisiana caused by excessive rainfall during August …
Alacrity Services Announces Market Expansion With Launch Of Resolve Homeowner Program Alacrity Services launched Resolve to directly connect homeowners to its network of pre-screened restoration and repair contractors. The announcement marks a first-time expansion for the company from its core …
U.S. businesses focused on addressing crisis management in the event of an on premise terrorist attack may be leaving their information systems vulnerable to a cyber attack. According to The Global Risks Report 2016, compiled through a strategic partnership between …
Solera to Acquire Enservio Solera Holdings, Inc., a global provider of cognitive technologies for the automotive and home ownership ecosystems, announced a definitive agreement to acquire 100 percent ownership of Enservio, Inc., a U.S. provider of SaaS-based software and services …
DRN Offers Vehicle Search Feature to Carriers Texas-based Digital Recognition Network (DRN), a provider of vehicle location data and insights, now enables access of over 4 billion vehicle sightings. Through Event Links, insurance carriers can access the pictures functionality, for …
AIR Releases Industry’s First Open Source Cyber Scenario Catastrophe modeling firm AIR Worldwide announced it has released the industry’s first open source deterministic cyber risk scenario. AIR plans to release a series of deterministic cyber scenarios over the next 12 …
Winter Storm Jonas’ message to homeowners – a challenging winter lies ahead. The storm that affected 20 states was the result of a particularly strong El Niño, according to the latest Farmers Insurance Seasonal Smarts Digest. The storm brought a …
Byrne-Jones Appointed Director, Casualty Specialty Risks for Crawford & Company Crawford & Company appointed Rowena Byrne-Jones as a director of Casualty Specialist Risks. Byrne-Jones is regularly involved in multi-million pound losses involving multiple claimants, often in the glare of media …
The Valley Fire, which raged through Northern California over the weekend, spread quickly—from 50 to 50,000 acres within a 24-hour period— destroying hundreds of homes and businesses. According to catastrophe modeling firm AIR Worldwide, the fire which started in the …