Weather

How Much Does Claims Handling Matter?

When a catastrophe strikes, the claims department has one primary mission: serving its customers. But that mission also fulfills another purpose. By delivering a superior claims experience, with knowledgeable claims...

Five Insights into the 2012 Catastrophe Bond Market

In 2012, $5.9 billion in fresh capital flowed into the market through catastrophe bonds, making it the second most active issuance year in the history of the sector. Issuances surged 38 percent year over year, helped...

Sandy Claims 230,000 Cars So Far

Claims adjusters have spent the past month working through the damage from Superstorm Sandy, which made landfall in New Jersey. In some areas — specifically, those hit hardest — claims professionals have only recently...

A Hail of a Problem in Texas

Storms starting with the letter "I" may have ravaged Texas in the recent past , but that only obscures the state’s greatest natural catastrophe threat: hail. The Texas Department of Insurance (TDI) has explained the...

ISO’s Enhanced Wind Rating Program is here

On October 1, ISO launched our Enhanced Wind Rating Program, a commercial property rating program for the wind peril. You can find all the details on the program in the press release and on the Enhanced Wind Rating...

Verisk to present at the CPCU Society Annual Meeting and Seminars

As we clean up the damage from Isaac and watch both Leslie and Michael churn offshore, what’s blowing into D.C. this weekend? The winds of change! If you’re attending the CPCU Society Annual Meeting and Seminars at th...

The Most Severe Letter in the Hurricane Alphabet

Tropical Storm Isaac keeps interesting company — it’s an “I” storm. Over the past 11 years, the World Meteorological Organization (WMO) retired seven of the “I” names because of the insured and economic losses those...

NMVTIS Presentation Available Online

ISO ClaimSearch ® recently held a web seminar about the National Motor Vehicle Title Information System (NMVTIS), which the government created to track salvage automobiles. Insurers can use our NMVTIS Compliance...

Hurricane Season Update: Storm Formation Estimates Increase

We’re now entering the year’s peak period for development of hurricanes and tropical storms. We’ve already seen some important events: The first two storms formed before the June 1 start of hurricane season, and...

Modeling Wind Risk for Commercial Properties

Commercial property presents quite a challenge for predictive modelers: How can we rely on models that implicitly assume some degree of homogeneity among risks when we’re dealing with a heterogeneous risk pool of...