Insurance industry may benefit from manufactured hailstorm

Insurance Industry Hail, tornado, wind research

Insurance industry to gain new insight on the risks of hailstorms The insurance industry may not be able to control the weather, but it does have the capability to replicate some natural disasters in order to better understand their impact on property. The Insurance Institute for Business and Home Safety, an organization devoted to researching the risks associated with natural disasters, has created a full-scale hailstorm inside of its laboratory located in South Carolina. Creating the hailstorm is part of the organization’s ongoing effort to understand the effects of natural…

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Liberty Mutual Insurance rereleases webinar about worker compensation cost management through predictive modeling

Liberty Mutual Insurance has announced that they will be rereleasing a webinar for commercial insurance agents, brokers, and buyers, so that they can better comprehend the vital role played by predictive modeling in being able to best manage the total cost that stems from workers’ compensation claims. The insurer made the decision to rerelease the webinar following a large amount of demand and interest. Liberty Mutual has now placed the webinar on its website so that those who missed the December’s event when it was originally hosted, will be able…

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