September 29, 2021
Karen Clark & Company (KCC) Named Catastrophe Modeling Firm of the Year
Karen Clark & Company has won the trophy for Catastrophe Modeling Firm of the Year at the Inside P&C Honors 2021.
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Karen Clark & Company has won the trophy for Catastrophe Modeling Firm of the Year at the Inside P&C Honors 2021.
Karen Clark & Company (KCC) is pleased to announce the release of Version 1.0 of its high resolution US Wildfire Model.
Karen Clark & Company (KCC) is pleased to announce that the KCC US Hurricane Reference Model Version 3.0 has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM).
Karen Clark & Company (KCC) is pleased to announce that American Family Group (American Family) has licensed KCC’s full suite of US catastrophe models delivered through the RiskInsight® open loss modeling platform.
Karen Clark & Company (KCC) is pleased to announce the release of the KCC US Winter Storm Reference Model. Using a physics-based modeling methodology, the new KCC model accurately captures winter storm loss potential from snow and ice, freezing temperatures, and high winds.
Karen Clark & Company (KCC) today announced that the KCC Flood Model has been certified by the Florida Commission on Hurricane Loss Projection Methodology. The KCC model is the only flood model that has been found acceptable by the Commission.
Karen Clark & Company (KCC) today announced that the KCC Flood Reference Model has been submitted to the Florida Commission on Hurricane Loss Projection Methodology. The KCC model is the first flood model submitted for certification under the state of Florida’s rigorous flood model standards.
Karen Clark & Company (KCC) today announced that Guy Carpenter & Company has licensed the full suite of KCC catastrophe models and risk management applications. Guy Carpenter is the first intermediary to obtain access to RiskInsight® and its unique risk metrics and capabilities.
Karen Clark & Company (KCC) today announced that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has certified the KCC US Hurricane Reference Model Version 2.0 as implemented in RiskInsight® 4.9.2. The KCC model is the first new model certified by the FCHLPM since 2006.
Karen Clark and Glen Daraskevich collaborated with Jack E. Nicholson, Director of the Florida Catastrophic Storm Risk Management Center of Florida State University, on a paper entitled "The Florida Insurance Market: An Analysis of Vulnerabilities to Future Hurricane Losses" published in the Journal of Insurance Regulation.
RiskInsight® and the KCC high resolution reference models are continuously enhanced with the newest technology and scientific advancements. The latest KCC CATLAB™ Workshop, held from December 10-13 in Boston, gave insurers and reinsurers an in-depth view of the cutting-edge catastrophe model innovations developed by KCC.
Karen Clark & Company (KCC) today announced the release of Version 1.0 of its Severe Convective Storm (SCS) Reference Model. The model is based on advanced scientific modeling techniques and has been validated with high resolution insurer claims data.
Catastrophe modeling firm Karen Clark & Company (KCC) today announced the release of RiskInsight®–lite, a new modeling platform that enables (re)insurers to track their claims and losses in real time from live hurricanes as well as estimate their Exceedence Probability (EP) curves, including PMLs and AALs at location-level resolution.
Insured losses from severe convective storms (SCS) have been above average for the past decade with multi-billion dollar events increasing in frequency. The most recent KCC CATLAB™ Workshop highlighted tools available to insurers and reinsurers to evaluate impacts of SCS on their portfolios and to examine potential climatological trends contributing to increasing SCS losses.
Karen Clark & Company (KCC) today announced the launch of CATLAB™ Workshops to support insurers who are using innovative, "next gen" catastrophe modeling tools. CATLAB is an immersive educational experience through which catastrophe modeling professionals acquire more in depth knowledge on the inner workings of the models than is possible in other environments.
Karen Clark & Company today announced the release of RiskInsight® Version 4.4 (RI4.4). The update includes enhancements to the custom model building capabilities and client integration modules, and performance optimization.
Karen Clark & Company today announced the release of RiskInsight® Version 4.3. The update includes enhancements to the interactive dashboards, custom model building tools, and the job manager.
Karen Clark & Company is pleased to announce two additions to its senior management team—Dr. Nozar Kishi and Mr. Christopher Mossey
Update to RiskInsight® Open Loss Modeling Platform Incorporates Latest USGS Findings on US Earthquake Hazard
Update includes enhanced global mapping capabilities, more detailed and interactive underwriter and CEO dashboards, and significantly advanced model-building tools
New Loss-Estimating Tool for Insurers Also Produces 100 and 250 Year Coastal Flood Zones
Generates Exceedence Probability Curves and Average Annual Losses
Future Storms Possibly Far More Damaging; RiskInsight® Now Offers Analysis of Storm Surge Flooding
On 75th Anniversary, Report Discusses How Similar Storm Could Cause Insurance Industry Losses over $100 Billion
Advanced Tool Lets Users Create Realistic Hurricane Footprints and Estimate Losses
Open Global Platform for Catastrophe Risk Management
Hurricane Andrew Would be Three Times as Costly in 2012
New Tool Provides Transparent View of Hurricane Risk and a Stable Common Currency for Risk Management
Addresses Industry Concerns Regarding Changes to Models Used to Project Insured Hurricane Losses
Study Finds Near Term Models Cannot Credibly Project Hurricane Losses First Decade of 21st Century Was Average in Terms of Hurricane Landfalls and Losses
2nd Annual Study Finds Near Term Models Cannot Credibly Project Insured Losses Study Also Examines Purported Hurricane Frequency Paradox
Integrated cat risk management approach improves profitability
Office of the Commissioner of Insurance of Puerto Rico to Co-Sponsor Discussion of Management of Island's Hurricane and Earthquake Risk
Lecture to Address "Building and Using Complex Models to Make Financial Decisions"
Application Streamlines Inspection Process, Enhances Data Quality and Analysis
Short Time Horizon Appears Inadequate for Predicting Insured Losses
Allows Insurers and Other Stakeholders to Quickly Assess Likely Impact of Tropical Cyclones
Karen Clark & Company announced today that it issued the first IMARC® Data Score to HomeWise Insurance Companies. HomeWise earned an IMARC® Data Score of 675 (Excellent).