Building new catastrophe models

Article Abstract:

Property insurers have began to use computer models for guidance in underwriting. These models forecast the loss potential from various catastrophes through the analysis of historical data and experience. They are also capable to calculate damages at insured sites, simulate different hazards and business interruption losses across portfolio sites. However, some experts in the insurance and software development industries are concerned with the value of catastrophe models for casualty lines, asserting that the scale of casualty losses does not compare with property losses.

Property & Liability Insurance, Surety insurance, Usage, Software, Property and casualty insurance, Computer simulation, Disasters

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Managed care mysteries haunting workers' comp

Article Abstract:

Misconceptions about the relationship between managed care and workers' compensation often limit the use of managed care techniques in workers' compensation cases. Managed care providers are often accused of limiting access to health care services and providing only medical discounts. Additional myths include the lack of differentiation between managed care programs and the negative opinions of managed care providers by employers.

Health Care, Health Care and Social Assistance, HEALTH SERVICES, Fire, marine, and casualty insurance, Workmen's Compensation Insurance, Health care industry, Insurance industry, Column, Medical care, Public opinion, Managed care plans (Medical care), Workers' compensation

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