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A Social Network Exec
July 01, 2008 @ 04:27 PM | By Nathan Conz
Despite I&T cover stories on insurers and how they are embracing Web 2.0, I still often wonder just how important such technologies and concepts will be for the industry over the long-term. Even more, I wonder just how seriously insurance companies themselves take emerging Web 2.0 technologies like social networking. A recent appointment at Allstate though, has reaffirmed my faith on both counts.
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The Hazards of Estimating Hazards
July 01, 2008 @ 03:00 PM | By Anthony O'Donnell
A story in today's Wall Street Journal addressed the controversial application of predictive catastrophe modeling for rating. The pieced raised many of same questions addressed in our coverage last year of the growing controversy of the use of certain models in the Florida property insurance market: How scientific are the models, or at least their application? Are the models' assumptions chosen to benefit the insurance industry unfairly at the expense of residents of Florida and other states? Is the fundamental science about the effects of rising sea surface temperatures too uncertain to be built into predictive formulae?
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