Cat loss estimates: models of disaster

Article Abstract:

The three methods corporations use to assess their catastrophic loss exposure are based on market share, wind premium or risk count within narrow geographic areas. The market-share method, which compares the company's market share to probable or maximum industry loss, can show whether the company is growing or whether risk concentrations have changed. The wind-premium method involves calculating how much a corporation's wind and hail-related exposure is factored into the insurer's premium. The risk-count method analyzes catastrophe risk within defined geographic areas.

Methods, Planning, Risk assessment, Property and casualty insurance, Corporations

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A new season for crop insurance: as the federal government backs out of the farm insurance market, private insurers are poised to make hay

Article Abstract:

Farmers can avail of the financial safety net known as revenue insurance should they be faced by low crop prices, poor quality crops and low yields. The program is in keeping with the 60-yr-old farm policy program which was nearly phased out by Congress when it made drastic changes to US agricultural policy. However, the farm bill passed in 1996 resulted in revenue insurance programs such as Income Protection policy, Crop Revenue Coverage which covers fluctuations in market price movements, and revenue assurance.

Regulation of Agricultural Marketing and Commodities, Crop Insurance Programs, Management, Agricultural subsidies, Insurance, Agricultural law, Crop insurance, Farm risks, Farm law

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Loss control columns can benefit community

Article Abstract:

Insurance professionals should consider benefitting their communities by writing columns in local newspapers. The value of writing about such issues as loss control, loss estimation, and other matters of interest to business and property owners can generate significant community interest and gratitude. Local newspapers should be interested in receiving these columns, and a writer can be employed if needed.

Behavior, Insurance agents

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