Karen Clark & Co. News
The Latest Launches From QBE North America, Aon, Arch Insurance and More
QBE North America and Stateside Underwriting Agency will provide new products for mortgage-related professionals. Aon unveiled a service for companies struggling to comply with new EU data protection ...
RMS Hurricane Matthew Insured Loss Estimate: $5B in U.S., $3B for Caribbean
Hurricane Matthew-related insured losses are still being tallied, but RMS said that the number will reach as high as $5 billion in the U.S. and $3 billon in the Caribbean. The catastrophe modeling ...
$7B in Insured Losses: Karen Clark & Co.’s Hurricane Matthew U.S. Tally
Hurricane Matthew path of damage through coastal Florida, Georgia, South Carolina, North Carolina and Virginia, likely led to nearly $7 billion in insured losses, according to Karen Clark & Co. ...
Big Data Analytics: Mining Your Catastrophe Claims Data for Competitive Advantage
Big data for catastrophes sounds like an oxymoron. It's precisely because of the lack of historical data that actuaries have left catastrophe modeling and loss estimation to external third parties ...
The Latest Launches From Karen Clark, Allianz and Hiscox
Karen Clark & Co. has released the latest version of its RiskInsight modeling platform. Allianz is expanding its travel insurance through a partnership with a motorcycle rental/tour operator. ...
Why Convective Storm Models Are Unreliable
In the United States, severe convective storms (SCS)—also known as severe thunderstorms, which can include tornadoes, hail and strong localized wind gusts—cause average annual insured losses of ...
Executives On The Move at Progressive, Starr, Willis Towers Watson, Marsh and More
The Progressive Corp. has a new chief information officer. Starr Companies hired on an executive who will help grow its general aviation risks business. A Marsh division has a new global CEO. ...
Earthquakes for CEOs: Understanding the Most Recent USGS Report
Every six years the U.S. Geological Survey (USGS) produces an updated set of seismic hazard maps for the United States. These National Hazard Maps show the estimated probabilities of different levels ...