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.

Methods, Planning, Column, Emergency management, Emergency preparedness

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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.

Flat Glass Manufacturing, Flat glass, Laminated Glass, Usage, Safety glass

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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.

Technology application, Valuation

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