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 …
Catastrophe activity in the U.S. led to $3.8 billion in insured losses in 29 states during the 2016 first quarter, with much of the damage hitting Texas. Those events were the worst in a decade in terms of frequency and …
Byrne-Jones Appointed Director, Casualty Specialty Risks for Crawford & Company Crawford & Company appointed Rowena Byrne-Jones as a director of Casualty Specialist Risks. Byrne-Jones is regularly involved in multi-million pound losses involving multiple claimants, often in the glare of media …
How the Initial Inspection Can Improve Claims Results and an Insurer’s Bottom Line The last 20 years have been difficult for homeowner property insurance writers. Since 1993, they have experienced only four profitable year’s industry wide, according to A.M. Best …
More than 4.5 million U.S. households are at high or extreme risk from wildfire, according to new analysis by Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytic. The analysis identified the number and percentage of properties at risk …
“Contractors’ equipment is more than twice as likely to be stolen than damaged or lost due to vandalism, fire, collision or weather-related events,” said Bob Opitz, vice president and worldwide inland marine manager for the Chubb Group of Insurance Companies. …
Verisk Insurance Solutions – Underwriting, a unit of Verisk, announced LOCATION Hail Damage Score. The new product improves an insurer’s ability to underwrite properties with existing hail damage. LOCATION Hail Damage Score is developed in collaboration with Verisk Analytics unit …
ISO, a member of the Verisk Insurance Solutions group at Verisk Analytic, announced new classifications to its commercial property program to account for the emergence of alternative energy sources. In response to the growing demand for alternative energy, ISO is …