Monthly Archives: <span>July 2015</span>

Report: Arson Rarely the Cause of Southern Church Fires

As social media buzzed about church fires in the South, investigators said July 2 that weather caused a destructive blaze at a predominantly black church in South Carolina. The State Law Enforcement Division said in a statement that investigators found …

People – Midwest

Cincinnati, Ohio-based American Financial Group Inc. promoted Kyle W. Ketabchi to assistant vice president. Ketabchi will continue to manage the corporate marketing and branding functions for Great American Insurance Group and American Financial Group, and will assume strategic oversight for …

Illinois’ Harper College, Zurich Team Up for Insurance Apprenticeship Program

A Chicago-area community college and a global insurance company are creating what they believe is the first-of-its-kind insurance apprenticeship program in the United States and one they hope will become an industry standard for attracting new talent. Zurich North America …

90% of Cars at Central Iowa Auto Shop Destroyed in Flood

A Clive, Iowa, auto repair business reported that 90 percent of the vehicles on its property have been ruined by a flash flood. Acheson Auto Works, which backs up to Walnut Creek, was flooded early on June 26, destroying about …

Over 1,300 Claims Filed in Ohio Asbestos Suit

More than 1,300 damage claims were filed in a northeast Ohio court on behalf of the heirs of Akron-area rubber and auto workers who died or developed serious illnesses from exposure to asbestos. The claims in Summit County Probate Court …

‘Seismicity’: Re/insurers Ponder the Impact of Human-Caused Earthquakes

Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,” which is being …

Plugging the Hole in the U.S. Flood Market: How Risk Modelers Can Help to De-Risk the NFIP

The National Flood Insurance Program (NFIP) has long been the dominant player in the U.S. flood insurance market, providing subsidized flood insurance based on actuarially unsound rates for millions of property owners, in turn discouraging the private market. Until now, …

Flood Insurance Claims Underpayments Not Widespread: Senate Study

The U.S. government’s appeals process for reviewing flood insurance claim disputes is riddled with flaws, but there is no evidence of systematic underpayments by insurers to flood victims, an investigation by U.S. Senate staffers has found. “Despite widespread concerns, it …

The Age of Big Data and Agencies – Not

This is the age of big data. The concept is to collect all kinds of data and then use various statistical techniques, usually some sophisticated form of regression analysis, to identify correlations between the data, trends and opportunities. The data …

My New Markets

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