Technology/Science
Dollars and Sense: Risk-Based Pricing Helps Insurers Find Opportunities
Today, many insurers believe there is no bad risk—it just needs to be priced properly. As the market trends toward more analytic- and data-driven decisions, insurers are continually exploring ways ...
State Farm Gets FAA Clearance for Drone Takeoff
Bloomington, Ill.-based State Farm announced yesterday that it is the first insurer in the United States to receive FAA permission to test Unmanned Aircraft Systems (UAS) for commercial use. ...
Guy Carpenter Rolls Out Casualty Cat Model
Guy Carpenter has launched a new data-driven casualty catastrophe model, GC ForCas, developed to help insurers better understand their exposure to casualty catastrophe losses resulting from the ...
Chance of California Mega-Quake Rising: USGS
Scientists are virtually certain that California will be rocked by a strong earthquake in the next 30 years. And now they say the risk of a mega-quake is more likely than previously thought. The ...
HCC Specialty Forms Strategic Alliance With Weather Analytics
Specialty insurance underwriter HCC Specialty has formed a new strategic alliance with Maryland-based Weather Analytics, an innovative provider of precision climate and weather data and analytics. ...
Urban Sprawl Not Climate Change Driving Flood, Drought Risk to Cities
Researchers from Texas A&M University are giving a heads-up to New York, Baltimore, Houston and Miami in a new study suggesting that these metropolitan areas—and others—will increase their ...
Marrying Cars and Smartphones: Qualcomm Technology Could Assist Insurers
Qualcomm Inc., a maker of smartphone chips and software, recently unveiled fourth-generation LTE modems that will enable cars to stay better-connected wirelessly to cloud-based services via the Web. ...
Two Verisk Divisions Address Cyber and Hail Risks With New Products
Hail and cyber attacks are two of the bigger property/casualty risks, one long-standing and the other, a fast-evolving problem. Two Verisk Analytics subsidiaries have rolled out new products designed ...