Claims & Reserving
AIR Worldwide: Global COVID-19 Deaths Could Reach 644,000 in June
Over the next four weeks, the number of global COVID-19 cases could reach 50 million, with 644,000 estimated deaths, according to AIR Worldwide, Verisk's catastrophe modeling unit. As of May 19, ...
Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses
A Paris commercial court ruled that insurer AXA must pay a restaurant owner two months' worth of coronavirus-related revenue losses, the restaurateur's lawyer said on Friday, possibly opening the ...
Climate Change Making Hurricanes Stronger: Study
Hurricanes have grown stronger over the last four decades—and climate change is likely to blame, says a new study from the National Oceanic and Atmospheric Administration and the Cooperative ...
Reopened Businesses Could Face Legionnaires’ Outbreaks, and Other CM Risk Alerts
Commercial buildings closed during the lockdown may be at risk for a Legionnaires' outbreak. A new study has found a link between diesel exhaust and Parkinson's disease. Virtual meetings have been ...
Why Current Cyber Risk Management Techniques Are Inadequate
Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains ...
Supporting Underwriting, Claims Decisions With the Science of Behavioral Economics
Successful insurance product administration requires consistent, accurate decisions from the evaluation of submissions at underwriting to the adjudication of claims. Effective decision operations are ...
Estimating Climate Change Risk: Do Scientists Need a New Approach?
It has become increasingly common for the general media to say that weather-related disasters have been caused by climate change. Such headlines have largely been frowned upon by the scientific ...
If Passed, Bills to Nullify BI Exclusions Could Prove Disastrous: AM Best
Legislation to nullify business interruption (BI) exclusions in some states could have disastrous consequences for the P/C insurance industry if passed, potentially wiping out up to 50 percent of ...