Weather

Lightning Cost per Claim Almost Doubled: Here’s How to Protect Your Capital

Lightning claims present rich opportunities for fraudsters — and the stakes for those claims keep getting higher. According to data from the Insurance Information Institute, the cost per lightning claim in the United...

Tornado Risk: More to Come in 2012?

In 2011 — for the first time in many years — the cumulative insured catastrophe losses from wind and thunderstorm events (including tornadoes) surpassed the cumulative catastrophe losses from hurricanes, according to...

Hurricane Forecasts: The Uncertainty of Frequency and Severity

The beginning of the 2012 hurricane season is upon us. It’s too soon to tell whether the winds will blow, but one thing is certain: Nothing will prevent a land-falling hurricane. For the past 15 years or so, seasonal...

Winter: A Season of Claims

The October 29 snowstorm on the East Coast reminded us that winter is fast approaching — and that none of us can know for certain what’s going to happen next. As described in Insurance Journal , insurers are already...

How do you mitigate losses from extreme weather events?

For many insurers, 2011 will go down in history as one of the costliest years ever for weather-related losses. In the spring, we had deadly tornadoes and powerful hailstorms. Later on, it was wildfires, tropical storm...

Preliminary 2011 Catastrophe Outlook

2011 is shaping up to be a year that contradicts historical patterns. Since 1950, when ISO's Property Claim Services (PCS) began to keep records on catastrophes, 88 hurricanes have met the organization’s definition of...