Content tagged with Claims posted in May 2013
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With Up to 20 Named Storms Predicted, Millions at Storm Surge Risk
The NOAA predicts 13 to 20 named storms this hurricane season, while CoreLogic estimates $1.1 trillion in property at risk from storm surge.
Moore Tornado May Spur CAT Reserving Regulatory Reform
If insurers were permitted to put aside funds with favorable tax treatment, it would not take long to build up significant reserves that would be available in the event of a catastrophe, notes Howard Mills, chief advisor with Deloitte LLP's insurance industry group.
Bulletin: Late May Tornadoes Could Hit $5 Billion in Insured Losses
The deadly twister in Moore, Okla., accounts for a majority of the loss potential, according to EQECAT.
Moore, Oklahoma Tornado Most Deadly Since Joplin, Missouri 2011
Insurance losses are expected to be at least in the hundreds of millions, but it's too early to tell whether the event will exceed the $1 billion in losses of the Bridge Creek-Moore tornado of 1999.
KCC Releases WindfieldBuilder Hurricane Track and Wind Spread Tool
Already used by top ten P&C carriers and reinsurers, the tool has been made generally available to enable customers to create realistic footprints for hurricanes both before and after landfall and to conduct detailed claims analyses using their own loss experience.
First Major Tornado Outbreak Levels Homes, Kills 6 in Texas
Insurance loss estimates have yet to be released for storms that hit a community southwest of Fort Worth last night.
Selective Announces Executive Promotions in Claims and IT
Among a roster of recent appointments and promotions announced by Selective Insurance were George Neale as SVP, Chief Claims Officer, and John Bresney as SVP, Application Delivery Services.
The Hartford CEO: "We've Planned for Higher CATs This Year" (Video)
The Hartford CEO Liam McGee tells Fox Business that the company expects weather to "be more severe this year"
RMS Debuts the RMS (one) Real-Time Exposure and Risk Management Environment
The new environment will provide intuitive, enterprise-wide access to real-time risk intelligence, enabling decision-makers at every level of the organization - from risk analysts to the CEO - the opportunity to ask questions and get answers in real time, according to the vendor.
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