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Catastrophe Response Unit Using New Roof Scoping Technique Without Drones, Climbing

Launched only 14 days ago, the new CRU VUE Roof Image Program is currently running 8 separate two-person teams across Ontario and will be adding another 4 teams in the coming week. Since initial roll-out, CRU VUE has already processed over 1000 claims providing high definition imagery without climbing roofs.
June 14, 2018 Catastrophe Property Risk Management

Canada May Be Short On Independent Adjusters

Does Canada’s property and casualty industry have enough resources in place to adjust major catastrophes that occur in tandem or right on the heels of each other?
June 7, 2018 Catastrophe Property Risk Management

Flood Insurance Program Risks Expiry (Again) As Hurricane Season Starts

Seven million homes are at risk of damage from Atlantic storms and coverage may be up in the air again.
June 4, 2018 Catastrophe Legislation & Regulation Property Florida Louisiana New York Texas Virginia

Managing Catastrophe Response With The Right People, Tools And Technology

The 2018 Atlantic hurricane season will officially begin on June 01. For the six months following, the country will be on high storm alert and many will have their fingers crossed the relatives of Hurricanes Harvey, Irma and Maria decide not to make landfall in 2018.
May 15, 2018 Catastrophe Risk Management Technology

Supercomputers Are Driving A Revolution In Hurricane Forecasting

Back in 1998, the European Center for Medium-Range Weather Forecasts housed the 27th most-powerful supercomputer in the world, with 116 cores providing a maximum performance of 213 gigaflops.
May 10, 2018 Catastrophe Technology

Insurers Expected To Pay $1.5B For April’s Severe Weather

A catastrophe report has found that the US re/insurance sector is on the hook for more than half of the total economic loss in April resulting from severe convective weather such as thunderstorms and tornados.
May 10, 2018 Auto Catastrophe Property Alabama Alaska Arizona Arkansas California

Denver’s 2017 Hail Storm Losses Underestimated By $900M

The massive hail storm that pummeled the northern Front Range a year ago generated nearly $900 million more in damage than first estimated, as claims from homeowners doubled in the months that followed.
May 8, 2018 Auto Catastrophe Property Colorado

Insured Catastrophe Losses From Canadian Ice Storm Estimated At $164M

The historic ice storm in Ontario and Quebec in mid-April could cost the insurance industry more than $150 million in damage claims, Verisk Analytics Inc.’s Property Claim Services unit reported Thursday.
May 7, 2018 Auto Catastrophe Liability Property

Kilauea Volcano Erupts In Hawaii, Forcing Evacuations

The eruption of lava from the Kilauea volcano forced residents in two subdivisions on the island of Hawaii to evacuate Thursday.
May 4, 2018 Catastrophe Property Hawaii

California Due For A Mega-Flood That Could Cause $725B In Damage

In California, earthquakes are common, and most residents understand the risks of powerful reverberations destroying their homes and streets. But according to a new book from LA’s most famous seismologist, Lucy Jones, the state faces an even bigger threat: a megaflood that would pummel inland California.
May 4, 2018 Auto Catastrophe Property California

Hurricane Forecasters Shrinking ‘Cone Of Uncertainty’

The National Hurricane Center is making changes to its "cone of uncertainty" based on an improving forecast record. The cone is designed to show people where the center of a storm is likely to head.
April 19, 2018 Catastrophe Property Alabama Delaware District Of Columbia Florida Georgia

A Look At San Francisco’s Seismic Safety On Anniversary Of Historic 1906 Earthquake

Sailors arriving in San Francisco in the 19th century used two giant redwood trees perched on a hill to help guide their ships into the bay. The redwoods were felled for their lumber at around the time of the gold rush, but San Francisco now has a new beacon: Salesforce Tower, the tallest office building in the West.
April 18, 2018 Catastrophe Legislation & Regulation Property California

Green Solutions May Spare Gulf Coast Billions In Flood Damages

While coastal development and climate change are increasing the risk of flooding for communities along the U.S. Gulf Coast, restoration of marshes and oyster reefs are among the most cost-effective solutions for reducing those risks, according to a new study.
April 12, 2018 Catastrophe Property Alabama Florida Louisiana Mississippi Texas

Revealed: Total Global Impact Of 2017 Catastrophes

Back in December, reinsurance heavyweight Swiss Re published estimates for total economic losses and insured losses worldwide from 2017’s disaster events - now final numbers are out and they paint an even worse picture of the year that was.
April 11, 2018 Catastrophe

Earthquake A Reminder Of Risk, Reality Of Life In The Golden State

Southern California was rattled Thursday by a magnitude 5.3 earthquake that struck near the Channel Islands.
April 6, 2018 Catastrophe California
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