Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according to models …
Verisk, Vexcel Partner to Collect Aerial Images After Ian Verisk said it is working with Vexcel Data Program and the Geospatial Insurance Consortium to assess property damage after Hurricane Ian. Verisk said in a press release that Vexcel and its …
Verisk Appoints Claims Solutions President Verisk announced that Maroun Mourad will succeed Rich Della Rocca as president, claims solutions on July 1. “We have a deep and talented bench of executives at Verisk, and Maroun was selected from a strong …
The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion and $4 billion, modeling firm Verisk said on Thursday. About $400 million to $820 million of the losses will stem …
Davies Acquires IRS London-based international claims administrator Davies has acquired Insurance Risk Services. IRS, based in Lake Mary, Fla., conducts underwriting inspections for residential and commercial properties. The company operates a network of more than 1,000 field inspectors, Davies said …
Insurity Completes Acquisition of Instec Insurity has completed the acquisition of Instec, a company based in Naperville, Ill. that provides analytics software to more than 300 property and casualty insurers. Insurity, based in Hartford, Conn. said that acquisition enables it …
Charles Taylor Acquires Syndicate Claim Services London-based Charles Taylor Adjusting, a provider of insurance services, claims solutions and technology platforms to the global insurance market, has acquired Syndicate Claim Services Inc., an independent adjusting and claims services business, based in …
Commercial property insurers who are already edgy after suffering historic losses from civil unrest got another jolt Wednesday when pro-Trump protestors smashed windows to gain entry into the U.S. Capitol. But there’s “a lot of mileage” between the Washington D.C. …
Insured losses from Hurricane Zeta, which became fifth named storm to strike Louisiana when it made landfall on Oct. 28, ranged from $1.5 billion to $4.4 billion, according to projections released Monday by two catastrophe risk modelers. Verisk subsidiary AIR …
Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic said Tuesday. The damage is far less than estimated …