Claims & Reserving
Assignment of Benefits Abuse a Concern in Hurricane Irma’s Aftermath
As Florida residents return home after being evacuated by Hurricane Irma, the pressure is on the insurance industry to keep a bad situation regarding assignment of benefits (AOB) abuse in the state ...
Carriers Must Do Better Job Educating Consumers About Deductibles: IRC Report
A perfect storm is brewing. As hurricane season ramps up on the East Coast, a new report from the Insurance Research Council (IRC) reveals that many homeowners insurance customers don't understand ...
S&P: Primary P/C Insurers—Not Reinsurers—to Bear Brunt of Harvey’s Insured Losses
While it's too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers—as opposed to reinsurers—will retain the majority of losses, according to ...
Hurricane Harvey Flood Insured Losses in Texas Could Rival Katrina’s
Flood damage in Texas from Hurricane Harvey may equal that from 2005's Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain ...
Shining a Light on Dark Data
Eighty-five percent of the matter in the universe is invisible to us, and little is known about it. Scientists call it "dark matter." Dark matter interacts with the rest of the universe—in fact, ...
Breaking the Silence: Cyber Physical Cat Models Emerging
A frightened truck driver dodging a barrage of bullets fired from the assault rifles of a drug-smuggling criminal gang doesn't seem like the obvious description of the final stages of a cyber attack. ...
Cyber Insurance Pricing Not Keeping Pace as Exposures Rise
Increasing competition in the cyber insurance market is keeping prices for coverage below where they probably should be, experts said at an industry conference that took place just days after the ...
Historic Drought Devastates South Europe Crops
Italian durum wheat and dairy farmer Attilio Tocchi saw warning signs during the winter of the dramatic drought to come at his holding a mile away from the Tuscan coast. "When it still hadn't rained ...