Models and plans crucial in catastrophe management
Article Abstract:
Thorough planning that results in a detailed marketing plan is a better way than modeling technology for property and casualty insurers to underwrite disaster. A detailed catastrophe plan can determine the exposures a company can afford and thereby prevent an economic fiasco, whereas a catastrophe model simply computes potential losses on existing business books. Both techniques can complement each other, but it is the planning that makes markets stable and consistent.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
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Smash loss costs by using PVB glass
Article Abstract:
The use of laminated glass reduces property losses and casualties from bomb explosions, vandalism and natural disasters, as the Oklahoma City blast illustrates. Laminated glass may break, but a plastic interlayer holds the shards in place. Such glass consists of two plies of glass held together by a polyvinyl butyral interlayer. Most of the laminated glass used in the Alfred P. Murrah Federal Building was still in place after the blast.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
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Pen computers help get property values right
Article Abstract:
Hand-held computers and property inspection software can partially eliminate inconsistencies in property value appraisals. Policy values, which are an average of 35% below replacement costs, are the basis for insurer premiums. Computerized, on-site data entry allows insurers to integrate digital valuation into computer-based underwriting systems and store valuation data for future reference.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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