Commercial Lines
Can We Fix Earthquake Insurance in California?
Twenty years ago, on Jan. 17, 1994, a previously unknown fault ruptured nine miles beneath Northridge in the San Fernando Valley. With a magnitude of 6.7 and an epicenter just 20 miles northwest of ...
Netflix’s House of Cards and Other Big Data Case Studies
How did program developers at Netflix know that viewers of the BBC television series "House of Cards" also enjoyed movies starring Kevin Spacey and directed by David Finch? They analyzed big data to ...
Praedicat Launches Cloud-based Casualty Model; Mines Data from Published Science
Praedicat, the world's first liability catastrophe modeling company, announced the launch of its flagship software product, CoMeta on Tuesday. CoMeta delivers commercially-relevant analytics for ...
Carriers Pass A.M. Best Terror Stress Test; Plans Include Not Writing Cover
Insurers that faced negative rating actions from A.M. Best for failing a terror risk stress test last year were able to convince the rating agency they could survive without a government backstop, an ...
Early California Wildfire Season Could Be Unprecedented
California's worst drought in decades is feeding what may become a devastating wildfire season, one that is starting about five months early. Extremely dry conditions have sparked 487 wildfires so ...
P/C Combined 97.6 for 2013; Commercial Outlook Still Negative: A.M. Best
A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieve an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its ...
The Challenges Around Big Data and the Lessons to Be Learned
The hype around big data is focusing ever more attention on insurers' data management and analytics capabilities. Analysis of data, creation of predictive models and the ability to take action based ...