Content tagged with Claims posted in October 2012
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Insurers Respond to Sandy: Report from Rhode Island
Insurers report being prepared in advance for the catastrophe and remaining busy handling claims and other customer concerns.
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 Update: Flood Insurance Program Under Siege
With floods causing the vast majority of damage in the Northeast, the National Flood Insurance Program is in the news.
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.
Region's Insurers Silent in Sandy's Wake
Few insurers reachable in an area where mass power outages, flooded roads and closed facilities prevail.
Sandy "Worst Possible Category 1 Storm" for N.Y. City: CoreLogic
Dr. Tom Jeffery, chief hazard scientist for CoreLogic, says the only way to get a bigger storm surge in Manhattan is with a Category 2 storm.
Regulators Remind Insurers of CAT-related Duties
Wolters Kluwer's Kathy Donovan reports that some East Coast regulators issued bulletins and alerts to give insurers guidance on their responsibilities related to Hurricane Sandy.
Video: The Day After Sandy in Bay Ridge, Brooklyn
I&T associate editor Nathan Golia checks in again from Bay Ridge, Brooklyn, the day after Hurricane Sandy lashed the New York area.
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
Tuesday.
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.
PURE Prepared for Sandy Using Cloud Based Capabilities
PURE will be able to maintain uninterrupted processing, communications and remote work through cloud-based policy administration, claims, telephony and call center.
Video: I&T Reports from Hurricane Sandy's Initial Salvo
Insurance & Technology associate editor Nathan Golia puts the "journalist" in "citizen journalist" in this footage taken near his Brooklyn apartment.
Sandy Appears to Be That Once-in-a-Lifetime Storm
Sandy appears to be that once-in-a-lifetime storm; it's too early to know what the costs will be, but insurers' responses will be in the spotlight.
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.
As Sandy Approaches, Report Questions Whether We'll Know About the Next One
The New York Times reports that the fleet of hurricane-tracking satellites is aging, and could fail without a potential replacement for a year or longer.
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
of losses.
Is Climate Change Altering Insurers' Hurricane Risk?
Hurricanes Irene and Sandy -- not to mention the "Frankenstorm" into which Sandy might develop -- are clear indicators that it's not just Florida at risk for major hurricane damage anymore.
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
Caribbean.
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.
Main Street America Finds Agents Prefer Social for Pre-CAT Communications
Corporate communications director Mark Friedlander says using social to reach agents in advance of a catastrophe event is efficient and positive for the brand.
Elite 8 2012: Ellen Fecteau Rolls Out New Technologies While Keeping IT Infrastructure Simple
Liberty International Underwriters CIO Ellen Fecteau has built a global technology strategy that promotes collaboration among different constituents and enables growth of the business.
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