ISO and Atmospheric and Environmental Research (AER), subsidiaries of Verisk Analytics, report that the ISO ClaimSearch system now includes a series of instant online Weather Forensic Reports to help insurers evaluate claims related to severe weather conditions. The reports include key weather data and mapping of hail, lightning strikes, damaging winds, and tornado activity for a specific time period and geographic area. The new reports are available through the Decision Net claims information portal.
The Decision Net products leverage the knowledge, experience, and resources of AER, which provides weather, climate, and environmental science and data analytics, to industries and governments around the globe.
“Through our new reports, which use hail, lightning, wind, and tornado data mapped by AER, claims and investigations personnel can access targeted, insightful information on severe weather events by locations and dates,” said John Deegan, product development manager, ISO ClaimSearch.
“The Weather Forensic Reports enable claims adjustors to improve customer satisfaction by quickly analyzing weather-related claims and decreasing response time to policyholders,” said Steve Massa, AER director of data services. “Insurers can improve financial performance through reduced costs, since the reports make it easy to process legitimate claims while rapidly spotting and minimizing potentially fraudulent claims.”
In related news, private weather forecaster WSI Corp. cut its forecast for named storms in the 2010 Atlantic hurricane season on Tuesday, but still sees an active season with water temperatures and wind conditions conducive to violent storms.
In its latest tropical storm update, WSI called for 19 named storms, down from 20 in its June forecast, but maintained its outlook for 11 hurricanes and 5 intense hurricanes of category three or higher. The 2010 forecast is well above the 1950-2009 averages of 10 named storms, 6 hurricanes, and 2 intense hurricanes. Record warm tropical Atlantic Ocean temperatures and an enabling wind shear environment should result in a very active tropical season this year,'' said Dr. Todd Crawford, WSI's chief meteorologist.
The disappearance of the El Nino event and a decrease in vertical wind shear both point to the potential for more Atlantic storms, WSI said. The Atlantic hurricane season runs from June 1 to Nov. 30. A slow start to the hurricane season led to the downward revision in named storms. A pocket of dry air in the Atlantic is likely to limit development in the near term, WSI said, while August to October is expected to be a very active period.
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