The 2013 wildfire season in the western United States is looking to be a difficult one, fueled by a combination of factors, including a drier-than-normal preceding winter, generally drier vegetative fuels, and warmer current conditions. In addition, projections of higher temperatures and lower-than-normal precipitation this summer raise the prospects of what could become an intense [...]
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The Florida reinsurance renewal is still a few months away, but it’s already becoming a hot topic. A flurry of industry loss warranty (ILW) issuance activity is likely this month as carriers line up their reinsurance programs for hurricane season. As you prepare, keep the following in mind about your ILW triggers: 1. Align your [...]
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. In the new guide, you’ll see the entire process, from catastrophe designation to the final resurvey (when necessary). Here are five key points about [...]
The new year may have only just begun, but that’s unlikely to slow speculation about what lies ahead. Will 2013 rival 2012, or will we see a post-spike dip as we did in 2011? Several factors are poised to influence catastrophe bond issuance in 2013. 1. A big first quarter: In the first quarter of [...]
Climate change is a particularly hot topic for our industry right now. Property/casualty carriers are always looking for new tools and technologies to help analyze and mitigate their exposure to climate-related risk. At Verisk Insurance Solutions Customer Conference 2013, we’re offering informative sessions that tackle a number of climate-related topics. Here’s a preview: U.S. Severe [...]
Insurance companies have submitted more data on their losses from Superstorm Sandy, and that has enabled Property Claim Services® (PCS®) to release a new loss estimate for the storm. Watch this video to learn more about the resurvey process in the United States and Canada. The first Sandy resurvey estimate appeared on January 21, 2013. [...]
