In Your Business

26 Aug 2018

Hawaii Flood Policy Statistics as of 06/30/2018


 County Name   Policies In-Force
 HAWAII COUNTY    4,559
 HONOLULU COUNTY    38,457
 KAUAI COUNTY    5,236
 MAUI COUNTY      12,159
 Total    60,411
     

 

 

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8 Aug 2018

USAA reports 8,000 claims from hailstorm in Colorado Springs; mobile claim center opening

USAA received 8,000 claims for damage to homes and vehicles Tuesday, twice as many as from the June 13 hailstorm that hit Fountain, the insurance and financial services giant reported. Other top insurers, including State Farm, Farmers and Progressive, didn’t have claims numbers or didn’t return calls.
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5 Jul 2018

CSU team decreases forecast, now calls for near-average 2018 Atlantic hurricane season

Colorado State University hurricane researchers have decreased their forecast from their early April prediction and now call for a near-average Atlantic hurricane season. The primary reason for this decrease is anomalous cooling in the tropical Atlantic.

The weak La Niña that occurred this past winter has dissipated, and there is the potential that a weak El Niño could develop by the peak of the Atlantic hurricane season (August-October). However, the forecast team believes that neutral ENSO (El Niño-Southern Oscillation) conditions are the most likely scenario for this year’s season. El Niño tends to increase upper-level westerly winds across the Caribbean into the tropical Atlantic, tearing apart hurricanes as they try to form.

The tropical Atlantic has anomalously cooled over the past two months and is now colder than normal. In addition to providing less fuel for tropical cyclone formation and intensification, cooler tropical Atlantic sea surface temperatures are associated with a more stable atmosphere as well as drier air, both of which suppress organized thunderstorm activity necessary for hurricane development. The far North Atlantic also remains colder than normal, potentially indicative of a negative phase of the Atlantic Multi-decadal Oscillation.

The above is from the article.  Click the title to read more.

 

 

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26 Jun 2018

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21 Jun 2018

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11 Jun 2018

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8 Jun 2018

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6 Jun 2018

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5 Jun 2018

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9 Apr 2018

EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2018

We anticipate that the 2018 Atlantic basin hurricane season will have slightly above average activity. The current weak La Niña event appears likely to transition to neutral ENSO over the next several months, but at this point, we do not anticipate a significant El Niño event this summer/fall. The western tropical Atlantic is anomalously warm right now, while portions of the eastern tropical Atlantic and far North Atlantic are anomalously cool. Consequently, our Atlantic Multi-decadal Oscillation index is near its long-term average. We anticipate a slightly above-average probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean. As is the case with all hurricane seasons, coastal residents are reminded that it only takes one hurricane making landfall to make it an active season for them. They should prepare the same for every season, regardless of how much activity is predicted.

Source: Department of Atmospheric Science, Colorado State University

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8 Feb 2018

Study: State insurance licensing reciprocity benefits everyone

A new study has found that the current system of licensing regulations for independent claims adjusters is causing more harm than help for the industry.

The study, entitled “Breaking Down Barriers” by Pacific Research Institute, found that the average claims adjuster holds between 10 and 12 different state licenses. This can set them back as much as $1,000 each. The study pointed out that these “costly, burdensome state requirements” make it more difficult for adjusters to operate across states, while driving up costs for consumers and limiting the opportunities for new adjusters.

At present, 34 states require independent adjusters to hold a license, the Association of Claims Professionals (ACP) reported.

Source: insurancebusinessmag.com 

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7 Feb 2018

AI Powered Drone Software Company Scores $750,000 Seed Funding

...

"According to the funding website, the Converge software takes the benefits of AI-powered obstacle-avoiding, flight stabilizing technology and puts it into a smartphone app – essentially allowing in-house operators like insurance adjusters to be able to fly well enough to get consistent data without as much flight experience and practice with a joystick.  The integrated suite also includes airspace intelligence and customer reporting."

Source: DRONELIFE.com

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20 Jan 2018

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18 Jan 2018

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7 Jan 2018

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7 Jan 2018

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6 Jan 2018

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5 Jan 2018

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5 Jan 2018

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5 Jan 2018

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