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Press

March 18, 2013
Verisk Insurance Solutions – Underwriting Announces LOCATION Sinkhole Service to Help Insurers Manage Florida Sinkhole Risk

March 14, 2013
Six Millionth Fire Hydrant Recorded in the United States — ISO Determines 10 Percent of Water Supplies Insufficient

February 27, 2013
ISO Enhances Its CGL Program to Address "Bring Your Own Alcohol" Establishments

 

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Feature Story

Fostering Proactive Decision Making with Catastrophe Risk Analysis

By Dr. Akshay Gupta

Image from the 2011 Tohoku, Japan 9.0-magnitude earthquake.

In recent years, natural catastrophes have caused severe property and business interruption losses to organizations worldwide. One of the key lessons from 2011’s 9.0-magnitude earthquake in Japan and the major flooding in Thailand was the vulnerability of international supply chains to natural disasters, especially for industries such as high-tech manufacturing and automotive. As organizations continue to globalize, their physical locations and supply chain networks are at risk from multiple hazards — increasing the overall potential for property and business interruption losses..   » Full story

click to read the articlePrefill Provides Better Service, Lowers Operational Expenses, and Improves Premium Accuracy
It's no secret that insurance is an intensely competitive business. The property/casualty industry spends more than $4 billion annually in clever advertising campaigns vying for consumers seeking lower rates, better coverage, or better service. Learn about how you can streamline the quote process to lower operational expenses and improve premium accuracy.


click to read the articleNext-Generation Claims Handling: How Will the Property/Casualty Industry Respond to the Increasing Frequency and Severity of Weather-Related Events?
When an extreme weather event strikes, insurers find themselves in its path regardless of their location. The toll of the recent spate of weather catastrophes has been high and, with predictions for more to come, has emphasized carriers’ need for actionable intelligence to succeed in weathering the storm while helping to make their customers whole again.


click to read the articleTwenty Years after Andrew – How Far Have We Come?
Andrew, the first of only four hurricanes that season, became a defining event in the modern history of insurance risk management. If loss potential was so grossly underestimated in the country’s most hurricane-prone state, what other unknown risks lurked? As a five-year old company offering an alternative to the long-standing legacy of traditional actuarial techniques, AIR did not have all the answers. But in creating the U.S. hurricane model that founded the catastrophe modeling industry, AIR introduced a novel framework for managing the potential for extreme losses.


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