A primary use case for drones in the insurance industry is the safer, quicker and more accurate adjustment of claims. With displaced insureds, flooded streets, and significant property damage that could remain inaccessible for extended periods, the ability for insurance companies to quickly and relatively conveniently fly their drones and
Hurricane Harvey
Yet another record-breaking storm
Hurricane Harvey has brought “500-year” rainfall and flood conditions to Southeastern Texas for the third time in three years, according to the Washington Post. How can insurers and reinsurers prepare for the next unprecedented storm?
Look to the Climate Risk Survey, developed by the National Association of Insurance Commissioners…
Hurricane Harvey Cripples Parts of Texas; Insurers Prepare for Billions in Claims
Hurricane Harvey made landfall in Texas Friday as the strongest hurricane to hit the United States in a decade, leaving several people dead and tens of thousands more displaced. Additional rain this week could bring the total rain associated with Harvey to 50” in certain areas. Early indications are that…
With Hurricane Harvey Looming, Insurance and Reinsurance Issues Lurk in the Wings
As Hurricane Harvey barrels towards the Gulf, residents of Louisiana and Texas are scrambling to avoid a storm that forecasters currently predict will bring winds of over 110 miles per hour and dangerous flooding. However, Harvey is creating concern not only for residents of the region, but also for insurers…