Insurance drones will be broadly deployed by Hurricane Harvey claims adjusters

September 4, 2017September 2, 2017 Logan B.

The use of these unmanned aerial vehicles has been adopted by Allstate, State Farm and other major property insurers. Property insurance companies in Texas and Louisiana, such as Allstate and State Farm, are preparing to use their insurance drones to survey the aftermath of Hurricane Harvey. This insurance technology is expected to have an important role in inspecting commercial and residential damage. The insurance drones will first take to the air early this week, once the last of Hurricane Harvey makes its way out of the regions. If all goes…

New Texas insurance law may make things harder for Hurricane Harvey victims

August 31, 2017August 30, 2017 G. Turner

As the very first steps for recovery begin, HB 1774, signed into law by Texas Governor Greg Abbott (R) becomes effective. A Texas insurance law, signed by Governor Greg Abbott back in May, will become effective tomorrow. This, at a time when Hurricane Harvey victims are taking the very first steps toward understanding what they can do to recover. Houston, the fourth most populous city in the United States, may have years of recovery ahead. The Texas insurance law will be changing the way claims lawsuits are handled when they…

Eqecat to introduce three new catastrophe models

July 10, 2011 Nordstrom

Eqecat, creator of catastrophe risk models, has announced that it will be unveiling its latest three revisions to the Worldcatenterprise 3.16 platform on July 15, 2011. The updates will be made to the Asia typhoon model, the Canada earthquake model, and the North Atlantic hurricane model. These are only the latest in a number of important revisions that have been made by Eqecat in the cat modeling industry in order to provide insurers with models that will help them to accurately calculate the risk of covering a certain region. They…