Claims & Reserving
Napa, Santa Rosa Fires Place 172,000-Plus Homes at Risk: CoreLogic
More than 172,000 homes with a combined reconstruction cost value of more than $65 billion face some level of risk from the metropolitan Napa and Santa Rosa fires in California, according to a new ...
Expect an Historic Q3 in Terms of Natural Disaster Costs: Impact Forecasting
As bad as September was in terms of natural disasters and the resulting costs, the 2017 third quarter as a whole could be positively historic as a result. A new report from Aon Benfield's Impact ...
Travelers Celebrates a Decade of Offering Wedding Insurance
The Travelers Companies marked the 10th anniversary of offering wedding insurance with an analysis of claims trends over the last decade, finding that vendor problems were the No. 1 cause of ...
Less Than Half of Chief Actuaries ‘Fully Satisfied’ With Reserve Accuracy: WTW
Only 48 percent of property/casualty actuaries surveyed by Willis Towers Watson last year said they were fully satisfied with the accuracy and confidence of their reserving, the global advisory, ...
Snapsheet Execs: Virtual Claims Tech Need Not Take Away Field Staff Jobs
The application of technology in the insurance industry is accelerating at a rapid pace, yet the constraints of legacy infrastructure make it difficult to leverage and integrate new tools to enhance ...
SEC Discloses Edgar Hack; Thiefs May Have Profited From Stolen Info
The vulnerability of governments and businesses to cyberattacks was exposed again Wednesday when a top U.S. financial regulator said hackers had breached its electronic database of market-moving ...
CEO Viewpoint: How Drones Are Changing the Face of the Insurance Business
Sometimes it takes a tragedy—maybe even two tragedies—to change a paradigm. But just as Houston and parts of the west coast of Florida will never be the same after the double disasters of ...
Florida’s HCI Group Estimates $100M-$300M In Hurricane Irma-Related Losses
HCI Group predicts it will handle between $100 million and $300 million in insured losses related to Hurricane Irma, according to preliminary estimates from the Florida-based insurer. The losses will ...