Archive for September 2017

KCC Releases RiskInsight-lite Live Cat Model Catastrophe modeling firm Karen Clark & Company (KCC) announced the release of RiskInsight-lite, a new modeling platform that enables (re)insurers to track their claims and losses in real time from live hurricanes as well … Source: Claims Journal

How do you remove hundreds of thousands of damaged cars from a massive city still mired in water and muck? Tow-truck driver Alex Toll will tell you: one vehicle at a time. Toll is part of an army of more … Source: Claims Journal

Climate change didn’t cause Hurricane Irma, the most powerful storm to form in the open Atlantic Ocean, but did make it much stronger, scientists in Germany and the U.K. said. Irma made landfall in the Caribbean early Wednesday and barreled … Source: Claims Journal

Josh Beasley and his fiancé bought Houston’s Body3 Personal Fitness on July 1, less than two months before Tropical Storm Harvey swamped the gym with a foot of water and left behind the dank stench of fetid mildew. Wading into … Source: Claims Journal

Federal prosecutors will lead a new Houston-based group created to help law enforcement agencies respond to an inevitable wave of fraud and other criminal activity set off by Harvey’s punishing rains. Authorities are warning residents, volunteers and officials in flood … Source: Claims Journal

Hurricane Irma, the most powerful storm to form in the open Atlantic Ocean, made landfall in the Caribbean early Wednesday and barreled toward Puerto Rico on a path that may bring it ashore in Florida and destroy so much property … Source: Claims Journal

Insurance adjusters are bringing more drones with them than ever before as they head to Texas to assess the damage from Harvey. Companies are using the drones on a much larger scale to record images, save time and spare human … Source: Claims Journal

A dispute over a multi-million dollar insurance claim for an Ohio mansion that burned to the ground more than three years ago is set for trial next month in federal court in Cincinnati. Jeffrey and Maria Decker sued Chubb National … Source: Claims Journal

A fatal accident this week involving a Jeep SUV has revived criticism from safety advocates that a federally sanctioned recall plan to keep the vehicle’s fuel tank from igniting in rear-end crashes didn’t go far enough to protect motorists. Vicki … Source: Claims Journal

The use of drones has grown tremendously in just a few years. While figures vary, sales grew 60-100 percent between 2015 and 2016, and represent as much as $4.5 billion in revenue, according to a recent Recode article. The insurance … Source: Claims Journal