PCS Resources

Articles

It Takes Time to Get it Right
Trading Risk, 2009 Review/2010 Preview

The Next Big One…
Insider Quarterly, Winter 2009/10

Megacatastrophes: Risk Acceptance and Claims Management
ISO Review, August 2009

Dealing with Postcatastrophe Fraud
ISO Review, May 2009

The Consequences of Catastrophes
ISO Review, August 2008

Video Recordings

2009 Not a Benign Year for Catastrophe Losses

Insurers to Pay $25.2 Billion in 2008 Catastrophe Claims, Says ISO's Property Claim Services Unit

Web Seminar and Live Chat Archive

Implications of Megacatastrophes for the Insurance Industry (view now)
Insurers and risk managers recognize the extensive exposures they face in the Northeast, Florida, and California. Modelers and other industry resources predict that insured losses from a Category 3 hurricane in a major population center in any of those areas could run from $100 to $300 billion and could produce more than 10 million claims. Hear about measures you can take to allocate your resources effectively and provide suitable customer service after a megacatastrophe.

Speaker:
Gary Kerney, AIC, RPA
Assistant Vice President, PCS

Issues Affecting Catastrophe Declarations and Estimates (view now)
Catastrophe declarations and estimates from ISO’s Property Claim Services (PCS) unit can involve complex issues and decisions as events are unfolding. How did PCS handle cat identification, insured property loss estimates, and estimate revisions when four hurricanes hit Florida in 2004? What happens when two earthquakes occur in close proximity? Or when fire or tsunami follows an earthquake? Find out how PCS approaches such complicated catastrophes.

Speaker:
Gary Kerney, AIC, RPA
Assistant Vice President, PCS

Implications of Megacatastrophes for the Insurance Industry (listen now)
Modelers and other industry resources predict that insured losses from a Category 3 hurricane in a major population center could run from $100 to $300 billion and produce more than 10 million claims. Gary Kerney, assistant vice president, Property Claim Services at ISO, discusses the measures you can take to allocate your resources effectively and provide suitable customer service after a megacatastrophe.

Speaker:
Gary Kerney, AIC, RPA
Assistant Vice President, PCS