Don’t Think That Sandy Can’t Happen Again
We won't know for some time how damaging Sandy has been, but a little historical perspective is in order lest we think we don't need to prepare for such events in the not-too-distant future.
Sandy Unlikely to Sink Catastrophe Bonds
Investors who have put their
money into specialist financial bonds which cover insurance
companies from huge natural disasters are unlikely to be hit
with big losses from monster storm Sandy even though it is one
of the biggest ever to hit the United States.
Hurricane Sandy Insured Losses Widely Outstrip Irene
Hurricane Sandy appears to have easily
caused more losses than last year's Hurricane Irene, but final
totals will be hard to come by for some time because of the
scale of the disaster, catastrophe forecasting companies said on
What’s Sandy Going to Cost?
FEMA says Sandy could cause $3 billion in wind damage alone; others place Sandy in the company of Irene, Ike and maybe beyond.
CURE "Beefed Up" Reinsurance After Irene: COO
The New Jersey-based auto insurer also plans hyper-local storm outreach for future storms, according to COO Eric Poe, who envisions these major events hitting the company's home state much more often than they have historically.
Capital Markets Shut After Sandy Strengthens Overnight
Hurricane Sandy, the monster
storm bearing down on the U.S. East Coast, strengthened on
Monday after hundreds of thousands moved to higher ground,
public transport shut down and the U.S. stock market suffered
its first weather-related closure in 27 years.
Insurers Put Finishing Touches on Hurricane Sandy Prep
Insurers say they are making the
usual preparations for a hurricane - activating claims teams,
staging adjusters near the locations most likely to be affected
and generally getting ready to pay for a potentially huge volume
Sandy Leaves 31 Dead in Carribean
Slow-moving Hurricane Sandy, a
late season Atlantic storm unlike anything seen in more than two
decades, slogged toward the U.S. East Coast on Friday after
killing at least 31 people on a trail of destruction across the
East Coast Prepares for Unprecedented "Frankenstorm" Sandy
Virginia declared a state of
emergency on Friday, neighboring states readied utility crews
and New York City said it may shut down mass transit as
authorities along the U.S. East Coast prepared for a potential
pounding from Hurricane Sandy.
A 12 Point Checklist for Automated Underwriting
Automated underwriting systems offer the promise of better information and greater efficiency But insurers considering such systems should prepare a checklist to make sure that the systems address the underwriters’ concerns.
8 Ways to Maximize Insurance CIO Success
Insurance CIOs will need to embrace agile development, focus on execution and utilize a number of other management strategies in order to find continued success, according to Novarica's Matthew Josefowicz.
Could Prudential be "Too Big to Fail?"
The new U.S. risk council has
moved closer to deciding whether Prudential Financial is
"systemically important," a Prudential spokesman said on Friday,
a tag that would translate into greater regulatory scrutiny for
the second-largest U.S. life insurer.
Big Data: Technical or Organizational Problem?
With the “big data” buzz, focus has zeroed in on technical solutions to increase flow of information. But what are the organizational considerations that insurers need to make? Where does big data fit into data management strategies?
ING Sells off Asian Insurance Units to Repay State Debt
Hong Kong businessman Richard
Li, the younger son of Asia's richest man, is buying ING's
Hong Kong, Macau and Thailand insurance units for $2.14
billion in cash, bringing the Dutch financial services company a
step closer to paying off its state bailout.
Go, Go, Gadget: Top Emerging Technology Tools for Insurers
The executives selected as Elite 8 2012 honorees have reached the heights of their profession by being savvy observers of the digital landscape and prudent marshals of technology. Here are some of their views on the latest and greatest enterprise solutions.
Elite 8 2012: Sal Abano Leads Tower IT Team To Growth
CIO Sal Abano has drawn on a 26-year military career, including his experience as the U.S. Army's regional CTO in Iraq, in applying a team leadership approach in IT to support Tower Group Companies' growth. By Anthony O'Donnell