Data security

National Hurricane Center’s latest advisory indicates Hurricane Sandy will strike close to midnight; CoreLogic lists the 25 NYC area zip codes at risk of the most property damage.

Early estimates range from $1-$5 billion in damages along the U.S. east coast from what is being dubbed a "Frankenstorm."

Newest version of the study includes predictive modeling analysis, spans five-year period from 2006 to 2010.

Category two hurricane is expected to stalk the east coast, 250 miles offshore.

Gallagher looks to Unison’s industry relationships to complement its employee benefits brokerage operation.

Sentry Insight is designed to help companies and brokers manage, track and analyze claims.

Potential voluntary federal guidelines foretell a future that may require keeping a close eye on the balance between collaboration and control.

The global financial crisis and subsequent economic developments have brought to light critical weaknesses in existing hedge programs.

Claims processing remained the top compliance issue for P&C insurers, followed by rating factors and the cancelation of policies. In terms of life and health insurers, problems with claims processing stole the top spot away from compliant policy forms, which was reported last year as the biggest compliance issue. Failure to pay claims properly in accordance with policy provisions was only fifth on that list for life and health insurers.

Many major insurers use non-driving factors, such as education, occupation and lack of previous insurance in setting prices, and a majority of Americans think that’s unfair, according to results of a Consumer Federation of America (CFA) survey.

New report laments the inability of companies to encrypt, control and secure information stored on employee-owned devices.

From NAMIC, Pete Dailey of AIR Worldwide explains what scientists know about climate change and helps insurers address the uncertainty about what climate change could bring.

In a new CFO survey from Towers Watson, P&C CFOs discuss which portfolio objectives are being satisfied and why they’re expecting slightly more aggressive investment strategies.

Examples of insurance data breaches point to just how common they are, and what usually causes them—internal abuse and mistakes.

Esurance has expanded its usage-based insurance program and now offers both UBI and traditional auto insurance in Arkansas. Esurance is backed by Allstate, the largest publicly held personal lines insurer in the United States.

InsureRight 2.0 partially designed to improve workers’ compensation loss ratios through risk-based pricing.

More than half of insurers surveyed now use anti-fraud technology solutions, according to “The State of Insurance Fraud Technology: A study of insurer use, strategies and plans for anti-fraud technology,” from the Coalition Against Insurance Fraud and SAS. However the study found that while the majority of respondents (79 percent) said that special investigations units are the sponsors of anti-fraud projects, other departments typically control the project budgets, which could slow the implementation of the technologies, the study said.

As the technology has matured, so have the marketing messages supporting it.

As Costa Rica sends rescue teams to an area hit yesterday by a magnitude 7.6 earthquake, risk modelers have more natural catastrophe data to contend with: flood loss. Flood losses are on a rapid upswing, according to a report issued today by Swiss Re. Affecting an estimated 500 million people worldwide annually, the increase in flood-related claims has been significant, notes Swiss Re’s new report, “Flood - an Underestimated Risk: Inspect, Inform, Insure.”

Data and cloud continue to pave the way to profitable initiatives such as telematics and customer management.