Verisk News
The Latest Launches from HUB International, Verisk, Xceedance
HUB International, a global insurance brokerage and financial services firm, announced the launch of the HUB High Net Worth Excess Wildfire Program to address the need for enhanced wildfire coverage ...
Verisk: Insured Losses From 7.5M Japan Quake Between $1.8B and $3.3B
The Extreme Event Solutions business unit of Verisk estimates insured property losses resulting from the Jan. 1, 2024, 7.5 magnitude Noto Earthquake will range between $1.8 billion and $3.3 billion ...
Tech Bytes: New Partnerships at Verisk, INSTANDA, bolttech
Verisk, a global data analytics and technology provider, has expanded its collaboration with the National Fire Protection Association to provide wildfire risk and mitigation data from its Firewise ...
Tech Bytes: New Partnerships at Allianz Partners, Verisk, Hourly
Allianz Partners and bolttech announced a partnership to provide embedded device and appliance protection insurance across Asia Pacific and the U.S. The strategic cooperation agreement aims to bring ...
Comprehensive Wildfire Approach, Uniform Enforcement Lacking in Most Western States
Few Western states and counties with the highest wildfire risk are using sound regulatory approaches backed by consistent enforcement, according to a new report released jointly by the Insurance ...
Emerging Risks: Does Generative AI Impact Businesses’ Liability Exposure?
Generative Artificial Intelligence (GAI) is machine learning technology capable of creating new content in response to simple text prompts. The convenience and apparent scope of this AI-generated ...
California’s Next Steps: Picking the Right Cat Models and Staffing Up
Is $11 million too much to pay for a public catastrophe model? Does the California Department of Insurance have to hire a new contingent of specialists to understand private models, if those are ...
Average Annual Cat Losses Now $133B For Insurance Industry: Verisk
The average annual loss from natural catastrophes has increased to $133 billion, a new high, according to latest analysis using Verisk's extreme event solutions models.. The increase in losses, ...
Emerging Risks: Could Obesity Lawsuits Become a Major Liability Event?
Public health problems often have the potential to lead to severe and systemic liability losses. This was the case in the massive asbestos and tobacco litigation events ...