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Michigan’s No-Fault Insurance Law - A New Direction
By Brian Monahan Oct 23, 2019 English
Throughout my 23 years in the business, I’ve learned that certain phrases make insurance professionals cringe. Phrases like “unfavorable development,” “derecho,” and “judicial reformation”…the list is quite long! One phrase that has consistently caused...
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Mapping an Insurer’s Wildfire Exposure
By Marc Dahling and Gerry Hopkins Oct 03, 2019 English
How big is your exposure to wildfire?...Many insurers are working hard to answer this question. Wildfire activity has expanded, in size, location and dollar losses, and reached record levels in 2017 and 2018. Given California Department of Insurance reports...
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Is There a “New Normal” for P/C Insurers and Reinsurers?
By Kara Raiguel Oct 01, 2019 English
One of the greatest challenges facing an insurer is identifying an inflection point, when the fundamentals of the risk environment have changed. Insurers can miss the signs and fail to adjust quickly enough, or mistake randomness for a ground shift and...
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Series: Insurance IssuesUnderwriting Wildfire – Creating Your Hazard Map
Issue: Sep 09, 2019 Property English
The wildfire peril presents challenges to the insurance industry for individual risk analysis and portfolio management. We’ve worked with clients using spatial mapping and other tools to help analyze portfolios and to identify areas of peak exposure.
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