Hurricane

FLASH 2014: Revelations around resilience

Recently, ISO Community Mitigation manager Ralph Dorio and I attended the 2014 FLASH Annual Conference in Orlando, Florida. FLASH , the Federal Alliance for Safe Homes, is one of the country’s...

Evolving August Catastrophe Landscape

Hurricane season tends to define a year’s catastrophe results. Last year, for example, only two tropical storms made landfall, contributing to a quiet year overall. In 2004, however, Hurricane...

Hurricane Arthur was not U.S. catastrophe

PCS staff actively monitored the effects of Hurricane Arthur from July 3–7, 2014. While the storm rained out many Independence Day parades and fireworks displays, a comprehensive PCS industry...

PCS Catastrophe Designation in Indemnity-Triggered Catastrophe Bonds

Indemnity-triggered catastrophe bonds are increasing in popularity, but it’s clear that the insurance-linked securities (ILS) community wants some degree of third-party validation in them. The numb...

NetMap to release updated versions of its fraud-fighting product suite

Organized fraud remains one of the property/casualty insurance industry’s greatest challenges, and insurers face a constant struggle to analyze large quantities of data quickly and improve the...

Expect Replacement Cost Estimates to Rise in the Third Quarter

Overall, insurers can expect replacement cost estimates to increase in the third quarter of 2013. According to data from Xactware’s Industry Trend Reports, reconstruction costs in all 50 states are...

The Rise of the Private Catastrophe Bond

The Artemis Deal Directory added its second private catastrophe bond of the year. Sunshine Re is a $20 million transaction, sponsored by Florida Municipal Insurance Trust. It follows Skyline Re, a...

Five Tips for Handling Catastrophe Claims Fraud

With hurricane season right around the corner, memories of Superstorm Sandy remain fresh. Forecasts for storm activity are starting to appear, as they do every April, and it looks as though this ye...

Preparing for the Upcoming Hurricane Season: Optimizing Decision Tools for Claims Response

When it rains, it pours. And when you’re in the middle of hurricane season, the results can be catastrophic. What information do you need to prepare for a hurricane and optimize your claims respons...

Five Insights into the PCS Catastrophe Loss Process

Do you know how Property Claim Services ® ( PCS ® ) develops catastrophe loss estimates? We’re ready to help. Download our new guide to the PCS catastrophe loss estimate process now to get started....