Content tagged with Claims posted in August 2012
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Isaac Wrapup: Damage Estimates in Billions
While not a notable wind event, Hurricane Isaac left a trail of extreme floods in southern Louisiana.
Reporter's Notebook: New Orleans Praised for Isaac Preparedness
What were people at insurance companies saying as Isaac bore down on the Gulf Coast?
Isaac Moves North after Drenching US Gulf, New Orleans
Tropical storm Isaac is
expected to weaken further as it heads north on Thursday, after
causing significant damage to the U.S. Gulf Coast but nothing on
the scale of Hurricane Katrina, which devastated New Orleans in
2005.
Hurricane Isaac: CNA Mobilizes to Assist Claimants, Ensure Business Continuity
The Chicago-based commercial insurer has deployed claims professionals in and near the affected areas and has equipped employees based in the New Orleans area to work remotely.
EQECAT: Isaac Losses So Far $1.5 Billion Onshore, $1 Billion Off
Hurricane Isaac has caused up to $1
billion in economic losses for offshore energy properties and up
to $1.5 billion in insured losses onshore in Louisiana and
neighboring states, disaster modeler Eqecat said on Wednesday.
La. Parish President: Isaac "Is Not a Category 1 Storm"
Plaquemines Parish president Billy Nungesser was audibly distraught in discussing the extent of the storm in his jurisdiction southeast of New Orleans.
Isaac Strengthens into a Hurricane: NHC
Storm Isaac strengthened into a Category
1 hurricane on Tuesday as it approached the northern Gulf coast,
the U.S. National Hurricane Center said in its latest bulletin.
We’re All Risk Managers Now: Anticipating Hurricane Isaac
Mobile apps, social media and the availability of real-time content give everyone -- from insurance company actuaries to private citizens -- sophisticated capabilities to prepare for natural catastrophes, such as the looming Hurricane Isaac.
More than 200,000 Homes At Risk of Isaac Storm Surge, CoreLogic Says
Tom Jeffrey, senior hazard scientist at CoreLogic, tells I&T that while the New Orleans area shouldn't expect a Katrina-level wind event, the potential for water damage is high.
Tropical Storm Isaac Just Below Hurricane Strength: NHC
Tropical Storm Isaac, located about 80 miles (125 km) southeast of
the mouth of the Mississippi River, was just below
hurricane strength with maximum sustained winds
of 70 miles per hour (110 kmph), according to the U.S.
National Hurricane Center.
AIR Worldwide Says 2012 US Crop Insurance Losses up to $20 Billion
The drought that ravaged U.S. farmland
this summer will likely cause total crop insurance losses of
more than $13 billion, and perhaps up to $20 billion, disaster
modeler AIR Worldwide said on Tuesday.
Tropical Storm Isaac Moves Toward U.S. Gulf Coast
Tropical Storm Isaac churned across the Gulf of Mexico on Monday, disrupting U.S. offshore energy production and threatening to hit Louisiana on the anniversary of devastating Hurricane Katrina in 2005.
Andrew Made the Insurance Industry Stronger: Marsh's Pieroni
The scope, destruction and costs of Hurricane Andrew in 1992 forced the insurance industry to revamp everything from risk forecasting to claims management. Marsh's Chief Operating Officer William Pieroni says technology has been key to helping insurers up their game when it comes to catastrophe response.
8 Insurance Industry Impacts of Hurricane Andrew
Technology, regulation, construction and the P&C insurance industry itself all have changed since – and in some instances, because of – Hurricane Andrew, the category 5 storm that made landfall in south Florida on August 24, 1992. Here are eight ways that the catastrophe changed the way insurance companies do business.
While Floridians Reminisce on Andrew, Battle Over Insurance Rages
Florida residents are looking back on their Hurricane Andrew experiences 20 years after the storm made landfall. Meanwhile, the state's "insurer of last resort" established 10 years after the storm faces financial issues.
Tropical Storm Isaac Takes Aim at Haiti, Dominican Republic
Tropical Storm Isaac headed toward
the Dominican Republic and Haiti on Friday, continuing its march
across the Caribbean after unleashing heavy rain on parts of
Puerto Rico.
Cover-All's Roblin: After Andrew, Policyholders "Between a Rock and a Hard Place"
The former CIO of USF&G tells Insurance & Technology about how technology has smoothed over some of the issues companies like his had faced after Andrew.
The Key Technologies That Transformed Insurers’ Catastrophe Response Post-Hurricane Andrew
Geocoding, modeling, digitization, modern claims systems and dashboards are among the technologies that are helping insurers do a much better job of catastrophe forecasting, planning and response, 20 years after Hurricane Andrew caused more than $26 billion in damage.
Celent’s Light: Hurricane Andrew the P&C Industry’s First Black Swan
The storm had a transformational effect on the industry and the public, but some of the lessons of Andrew may remain unlearned.
Though Science Improves, Hurricanes Remain Maddeningly Unpredictable
There were more named storms than the average over the past two years. However, whether these storms impact heavily populated coastal areas is dependent on short-term weather patterns, Swiss Re says.
Learning the Lessons of Hurricane Andrew
Hurricane Andrew caused more than $26 billion in reported damage, but also inspired the insurance industry to transform the ways it manages claims and provides customer service. Insurance & Technology examines the changes, challenges and lessons learned from Hurricane Andrew in a series of special reports.
5 Reasons Why Hurricane Andrew Still Matters
In the 20 years since Hurricane Andrew hit south Florida on August 24, 1992, there have been more damaging hurricanes and natural catastrophes, but no other event has had as much impact on the insurance industry. To kick off I&T’s special coverage of Hurricane Andrew’s 20th anniversary, here’s a look at the catastrophe and how it has changed the industry.
PEMCO Relies on Social for Wildfire Outreach
Marketing communications manager Jon Osterberg tells Insurance & Technology how the P&C insurer calms policyholders' nerves as a wildfire cuts through parts of its home state.
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