Loss Control

7/1/2019 - 1 min read

July 2019 preview: Historical catastrophe activity

As we head into the summer months—and deeper into Atlantic hurricane season—we examine recent catastrophe trends for July.

6/4/2019 - 1 min read

June 2019 preview: Historical catastrophe activity

June marks the official start of the Atlantic hurricane season (June 1 – November 30). According to forecasters, 2019 will be a slightly below-average season for the area that covers the Atlantic Ocean, Gulf of Mexico, and Caribbean Sea.

5/6/2019 - 1 min read

May 2019 preview: Historical Catastrophe Activity

May is normally an active month for catastrophes and leads up to the beginning of the hurricane season, which runs from June 1 to November 30 in the Atlantic basin and from May 15 to November 30 in the Eastern Pacific.

4/4/2019 - 6 min read

ATRI presentation exposes potential risks for commercial trucking insurance

A presentation by the American Transportation Research Institute (ATRI) introduced research and findings on safety risks in the trucking industry and outlined potential risks and exposures that impact commercial auto insurers.

4/2/2019 - 1 min read

April 2019 preview: Historical catastrophe activity

Historically, April is an active month for violent tornadoes. There have been more violent tornadoes—EF4 and EF5—in April than any other month from 1950 through 2013. And just last year, there were 146 tornado reports for the month.

3/8/2019 - 1 min read

NYCM Insurance implements Verisk’s ClaimDirector and NetMap fraud detection solutions

NYCM has implemented Verisk’s newly enhanced ClaimDirectorSM and NetMap for ISO ClaimSearch® solutions to assist in accurate and early detection of insurance fraud.

The most active March in the past ten years was in 2016, when PCS designated seven catastrophes, all wind and thunderstorm events

3/5/2019 - 1 min read

March 2019 preview: Historical catastrophe activity

Spring arrives in the Northern Hemisphere on March 20, but winter storms and other severe weather may still occur this month.

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2/4/2019 - 1 min read

February 2019 preview: Historical catastrophe activity

While winter storms are common in February, there are other catastrophe risks that historically have made an impact during the month.

11/27/2018 - 4 min read

Uncover key claim details with social media

The average user spends 2 hours a day on social media. Hidden within the sea of tweets, snaps, and posts on these social platforms is information for the claims process.

9/5/2018 - 2 min read

September 2018 Preview of Historical Catastrophe Activity

It’s becoming more likely that we’ll have a mild Atlantic hurricane season, as forecasters from the NOAA Climate Prediction Center have raised the likelihood of a below-normal season to 60 percent.

7/30/2018 - 3 min read

5 questions to ask before building a claims fraud analytics system

With the industry focus on data analytics in insurance, many SIU leaders are considering enhancing team’s investigative capabilities with a fraud analytics solution.

6/27/2018 - 3 min read

The challenges of craft-style microdistilleries for commercial underwriters

The proliferation of craft-style microdistilleries has generated a new set of loss exposures in the alcohol service industry.

6/19/2018 - 3 min read

Analyze this: Why workers’ comp data gives insurers a strategic advantage

Data analytics has become a key driver in the development of business strategy for leading corporations, and workers’ compensation insurers are uniquely positioned to take advantage of this trend.

4/12/2018 - 2 min read

Insurers help policyholders reduce risk with client handouts

More than 500 client handouts are accessible on E&S through ISOnet®. The handouts can help educate policyholders on good risk control practices and give them tools that they can use to manage risks themselves.

2/16/2018 - 2 min read

Is the supply chain safe? Check out latest trends in cargo theft

Despite a decline in cargo theft, businesses transporting goods remain at risk as thieves steal tractors, trailers, and containers full of cargo from warehouses, truck stops, parking lots, and even secured yards. Understand current trends.