Verisk News

Best Inspection Program Incorporates Ground, Aerial Imagery

Dorado, Puerto Rico, Feb. 13, 2018–Blue roofs are visible in the town of Villa Santa in the municipality of Dorado. FEMA/K.C. Wilsey While aerial imagery offers the broadest range of images with the highest refresh rates, it isn’t usually at …

Drone Inspection Programs Offer Safety, Cost Saving Benefits

Insurers are increasingly using drones to inspect property damage, according to Cory Shelton, head of UAV Technology at Geomni, a Verisk business. In a recent interview with Claims Journal, he explained the pros and cons of using drones for property …

Business News: Sedgwick, Verisk, CLARA Analytics

Sedgwick has finalized the purchase of global loss adjusting, claims management and risk solutions firm Cunningham Lindsey and its subsidiaries. The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with select exceptions—will move toward operating globally under the …

Study Finds Extreme Winter Weather Is Strongly Related to Arctic Warmth

In recent decades, extreme winter weather has become more strongly connected to disruptions in the polar vortex, according to a new study from Atmospheric and Environmental Research (AER), a Verisk business, and Rutgers University, published in Nature Communications. It revealed …

Business News: QBE, Verisk, Acadia Insurance

QBE North America Adds Breach Plan Services to Cyber Policies QBE North America, an integrated specialist insurer, announced the inclusion of data breach planning services in all cyber policies, giving policyholders a simplified approach to the development of an actionable …

Despite 2017 Catastrophes, Industry Surplus at All Time High

Due to multiple catastrophes during the first nine months of 2017, property/casualty insurers saw profits plummet, according to the latest Verisk report on the state of the industry. Even so, P/C insurers are doing well, said Beth Fitzgerald, senior vice …

How Cyber Market Changes Will Impact Claims

Changes in the cyber insurance market are expected to bring challenges to claims departments, according to Tom Johansmeyer, assistant vice president at PCS, a division of Verisk Insurance Solutions. In an interview with Claims Journal, he explained that as the …

Risky Business: Catching Commercial Use Fraud Before it Hits Your Books

One definitive method can show misrepresented commercial use well before a claim ever arises. Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is …

Business News: Swiss Re Capital Markets, Wolters Kluwer

Swiss Re Capital Markets Structures and Places $125M Catastrophe Bond for the FMTAC, a Subsidiary of the MTA Swiss Re Capital Markets has successfully structured and placed the issuance of $125 million of insurance-linked securities by MetroCat Re on behalf …

Building Code Adoption, Enforcement Critical to Reducing Losses

When building codes are adopted and enforced, there is a substantial reduction in loss, according to Christopher Miller, technical director for ISO’s Building Code Effectiveness Grading Schedule (BCEGS). During an audio interview with Claims Journal, Miller explained that it’s not …