Risk

As Hurricane Isaac strikes, A.M. Best provides the top ten P&C insurers by market share in Louisiana, Alabama and Mississippi.

AIR Worldwide, a catastrophe modeling firm, estimates that losses resulting from farmer claims for the crop insurance industry may exceed $13 billion with the potential to reach as high as $20 billion.

Insurers wait for the inevitable landfall of what could become a Category 2 hurricane. According to CoreLogic, this leaves insurers with $36 billion in potential exposure to residential property damage to brace for. This high estimate is largely the result of remaining uncertainties. While estimates have the storm moving onto land within the next 48 hours, where it will strike is still unknown.

Platform designed to enable insurers to control appetites by state, line of insurance and SIC in real time.

Risk Analyzer Homeowners product enhanced with by-peril rating rules, which have been approved in 13 states.

How a start-up telematics insurer is allowing U.K. insurers to look at young drivers completely differently.

John Hancock, Pacific Life, Allstate and four others selected by CSC and its North American client community.

Delays in updating risk management only serve to damage credibility and open the door to unnecessary dangers.

Suite of coverage enhancements to be offered through network security and privacy product.

Free informative app, called WreckCheck, designed to help consumers protect property, identities with accident reports.

During the first half of 2012, 58,523 questionable claims were referred, according to the National Insurance Crime Bureau.

Michael Palmer will lead the analytics team in Bermuda and help develop the company’s understanding of all aspects of catastrophe risk.

Specialty branch within Munich Re adds a front-end risk management and planning component to its data breach coverage.

Terri Vaughan will step down during the first quarter of 2013; National Association of Insurance Commissioners officers will conduct a national search later this year to fill the position.

CLASIC/2 Version 14.0 introduces the ability to model builder’s risk policies for the AIR earthquake and hurricane models for the United States. AIR designed the updated version to support the policy conditions that characterize commercial insurance, enabling companies to assess catastrophe loss potential from the portfolio level down to the individual location level.

International regulatory measures, including Solvency equivalency, highlight the AIA’s talking points heading into the weekend.

One way to practically screen for potentially significant threats is to evaluate prospective ones against an insurer's exposure concentrations.

In July, severe drought and heat waves effected great swaths of the United States, causing billions in insurance losses, according to Aon Benefield’s “July 2012 Global Catastrophe Recap.” Up to 64 percent of the continental United States is experiencing at least moderate drought, according to the National Climatic Data Center, and half of all U.S. counties have been declared disaster areas.

Spreadsheet Workbench purchased by insurer in an effort to meet Solvency II requirements.

Insurance is among the industries found to have significant scanning requirements due to a continued reliance on paper, according to a recent survey.