Where increasingly severe weather meets growing populations, property damage from wind, hail and flood may seem inevitable. Fortunately, there’s much that property risk engineers can do.
Jeff Huebner of CSAA and Zach Knight of Blue Forest offer their views on how we can manage our forests differently and perhaps better mitigate wildfire risk in the process.
For more than 350 years, the insurance model has been simple: Repair and replace after damage. However, with modern technology, we can now help our customers before they face loss. I recently joined the leaders of two preeminent insurance research organizations — Roy Wright of the Insurance Institute for Business & Home Safety (IBHS) and… View Article
Advances in technology are enhancing our ability to prevent potential losses. In the season one finale of Predict & Prevent, Pete Miller, CEO of The Institutes, learns about a robotic dog that can fetch data from places that are tough for humans to go.
Predict & Prevent is on the rise, promising to better protect society and save lives. Pete Miller shares the lessons he learned during the first season of The Institutes’ podcast.
“I can’t stop the tornado. I can’t stop the ignition of the wildfire or the hurricane that is coming. But we do know enough to narrow the path of destruction. And for us, it is about that science, but it has to be translated into specific actions that people can take.”
“How do we manage the losses in the property space — to minimize them, but also to better approach the underwriting and pricing and all the other dimensions that come in to bear as people understand the risks?”
Resiliency and understanding ROI are two big factors in the Predict & Prevent™ model. The latest episode from The Institutes’ Predict & Prevent podcast dives in.
As the use of different types of workers’ compensation technology increases, the insurance industry could help facilitate the ways future generations of workers are protected.
Insurance regulators are important partners as insurers transform how they work with consumers to move beyond detect and repair and promote Predict & Prevent.
Interest in better wildfire detection and suppression is growing in the wake of massive fires in California and Australia — costly disasters that are expected to become more common as climate change makes some areas drier and hotter.