Claims Management Data/Tech/Modeling INDUSTRY NEWS Reinsurance Markets WRIN.tv Newswire Industry learning as it copes with $100B in losses from 2017 hurricanes – RMS. The 2017 Hurricane Season brought over $100 billion in insured losses. According to John Kapitan, an SVP at RMS, “the (insurance) industry has coped well.” There are numerous improvements in the industry since the storms of 2004/2005. The industry is better capitalized, (over $600 billion). From a risk management perspective, Mr. Kapitan says few insurers or reinsurers were surprised by … Read More
Claims Management FEATURED Homeowner/Renter/Auto P&C Recent Stories WRIN.tv Newswire Do quakes in the Pacific foretell the “Big One” for California or Canada? With recent earthquake activity in the Pacific and new reports on major risks of loss in North America, insurers are taking note of an exposure that could have devastating consequences. According to Dr. Robert Muir-Wood, RMS Chief Research Officer, the November 22 earthquake off the coast of Sendai, Japan is probably another aftershock triggered by the Tohoku quake in March … Read More
