Most Popular

Will Wildfire Losses Continue to Spread?
Zach Brogadir June 05, 2018 Posted in: Blog Posts, Homeowners, Insurance / Insurers, News
At the Casualty Actuarial Society (CAS) Spring Meeting, I had the pleasure of moderating a session entitled, What You Don't Know about Wildfires… Can Cost You. The topic drew a lot of interest, as 2017 was the most destructive and costly wildfire season ever recorded in the United States. The devastating wildfires affecting Northern California in October and Southern California in December claimed 43 lives and caused an estimated nearly $12 billion of insured losses. While California claimed the majority of 2017 wildfire losses, only about 13% of the total U.S. acres burned were in California. According to the National Interagency Fire Center, less densely-populated Montana and Nevada saw an even greater amount of burn. In total, wildfires scorched nearly double the 2016 area.
Insights on Climate Change Using the Actuaries Climate Index
Zach Brogadir June 06, 2017 Posted in: Blog Posts, General, News
Climate change made headlines this week as a key government decision sparked renewed debates among politicians. It’s a topic that has also sparked serious discussion within the insurance industry and actuaries are being asked to evaluate the potentially serious implications. Our previous blog post examines how climate change could impact the insurance industry and discusses what actuaries are doing to provide unbiased tools to analyze climate data. The Actuaries Climate Index (ACI) measures the changes in climate over time in a single index score. Scores greater than 0 indicate a greater than average frequency of extreme weather such as high temperatures and rising sea levels. The ACI provides a wealth of information from which we can gain key insights into the behavior and impact of climate change that has already been observed.
Actuaries Adapt to Climate Change Using New Tools
Multiple Authors June 01, 2017 Posted in: Blog Posts, General, Insurance / Insurers, News
It’s concerning that many indicators of climate change like global temperature or sea levels continue to rise. Fortunately for the insurance industry, actuaries are also rising to the challenges posed by climate change. One recent example is the creation of the Actuaries Climate Index (ACI) and the forthcoming Actuaries Climate Risk Index (ACRI). These indices were created jointly by the American Academy of Actuaries (AAA), Canadian Institute of Actuaries (CIA), Casualty Actuarial Society (CAS) and Society of Actuaries (SOA) to help actuaries address the challenges climate change has created.
«August 2018»
SunMonTueWedThuFriSat
2930311234
567891011
12131415161718
19202122232425
2627282930311
2345678