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.
2021
September 21, 2021
KCC Releases Version 1.0 of US Wildfire Model
Karen Clark & Company (KCC) is pleased to announce the release of Version 1.0 of its high resolution US Wildfire Model.
June 03, 2021
KCC US Hurricane Model Version 3.0 Certified by the Florida Commission on Hurricane Loss Projection Methodology
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).
April 26, 2021
American Family Group Enters into Multi-year Agreement with Karen Clark & Company
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.
January 11, 2021
KCC Releases US Winter Storm Reference Model, a New Multi-Peril Model
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.
2020
December 15, 2020
Karen Clark & Company Flood Model Certified by Florida Commission on Hurricane Loss Projection Methodology
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.
March 03, 2020
Karen Clark & Company Flood Model First to be Submitted for Certification to Florida Commission on Hurricane Loss Projection Methodology
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.
February 24, 2020
Guy Carpenter Licenses Full Suite of Karen Clark & Company Catatastrophe Models
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.
2019
June 18, 2019
KCC US Hurricane Model Version 2.0 Certified by the Florida Commission
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.
January 3, 2019
The Florida Insurance Market: An Analysis of Vulnerabilities to Future Hurricane Losses
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.
2018
December 14, 2018
CATLAB™ Workshop: Leveraging the Latest Innovations in Catastrophe Modeling
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.
2017
October 20, 2017
Karen Clark & Company Introduces Severe Convective Storm Model
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.
September 5, 2017
KCC Releases RiskInsight®–lite
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.
July 20, 2017
CATLAB™ Workshop: Severe Convective Storm (SCS) Modeling
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.
2016
December 20, 2016
Karen Clark & Company Launches CATLAB™
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.
November 7, 2016
Karen Clark & Company Releases Version 4.4 of RiskInsight Open Loss Modeling Platform
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.
May 9, 2016
Karen Clark & Company Releases Version 4.3 of RiskInsight Open Loss Modeling Platform
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.
February 1, 2016
Karen Clark & Company Expands Management Team
Karen Clark & Company is pleased to announce two additions to its senior management team—Dr. Nozar Kishi and Mr. Christopher Mossey
2015
December 7, 2015
Karen Clark & Company releases new US Earthquake Reference Model
Update to RiskInsight® Open Loss Modeling Platform Incorporates Latest USGS Findings on US Earthquake Hazard
September 28, 2015
Karen Clark & Company releases RI4 update to RiskInsight® open loss modeling platform
Update includes enhanced global mapping capabilities, more detailed and interactive underwriter and CEO dashboards, and significantly advanced model-building tools
January 20, 2015
Karen Clark & Company Introduces High Resolution US Storm Surge Model
New Loss-Estimating Tool for Insurers Also Produces 100 and 250 Year Coastal Flood Zones
2014
March 25, 2014
RiskInsight® Now a Fully Probabilistic Loss Modeling Platform
Generates Exceedence Probability Curves and Average Annual Losses
2013
October 29, 2013
Karen Clark & Company Report Examines Superstorm Sandy at One-Year Anniversary
Future Storms Possibly Far More Damaging; RiskInsight® Now Offers Analysis of Storm Surge Flooding
September 13, 2013
Karen Clark & Company Report Examines Present Day Impact of 1938 Hurricane
On 75th Anniversary, Report Discusses How Similar Storm Could Cause Insurance Industry Losses over $100 Billion
May 20, 2013
Karen Clark & Company Introduces WindfieldBuilder™
Advanced Tool Lets Users Create Realistic Hurricane Footprints and Estimate Losses
2012
October 2, 2012
Karen Clark & Company Introduces RiskInsight®
Open Global Platform for Catastrophe Risk Management
August 20, 2012
KCC Issues Report on Historical Hurricanes That Would Cause $10 Billion or More in Insured Losses Today
Hurricane Andrew Would be Three Times as Costly in 2012
Jan 31, 2012
KCC Introduces Characteristic Events
New Tool Provides Transparent View of Hurricane Risk and a Stable Common Currency for Risk Management
2011
Apr 4, 2011
Karen Clark & Company Announces New Executive Briefing on Hurricane Models
Addresses Industry Concerns Regarding Changes to Models Used to Project Insured Hurricane Losses
Jan 18, 2011
Karen Clark & Company Issues Third Annual Report Examining Performance of Near Term Hurricane Models
Study Finds Near Term Models Cannot Credibly Project Hurricane Losses First Decade of 21st Century Was Average in Terms of Hurricane Landfalls and Losses
2010
Jan 20, 2010
Karen Clark & Company Issues Report Examining Performance of Near Term Hurricane Models
2nd Annual Study Finds Near Term Models Cannot Credibly Project Insured Losses Study Also Examines Purported Hurricane Frequency Paradox
2009
July 20, 2009
Karen Clark & Company and TigerRisk Form Strategic Partnership
Integrated cat risk management approach improves profitability
June 18, 2009
Karen Clark & Company to Co-Sponsor Puerto Rico Catastrophe Risk Management Seminar
Office of the Commissioner of Insurance of Puerto Rico to Co-Sponsor Discussion of Management of Island's Hurricane and Earthquake Risk
May 4, 2009
Karen Clark & Company President and CEO to Deliver Stanford University's Shah Family Distinguished Lecture
Lecture to Address "Building and Using Complex Models to Make Financial Decisions"
Feb 10, 2009
Karen Clark & Company Launches RiskRover™ Mobile Inspection Technology
Application Streamlines Inspection Process, Enhances Data Quality and Analysis
2008
Dec 16, 2008
Karen Clark & Company Report Analyzes Performance Of Near Term Hurricane Models
Short Time Horizon Appears Inadequate for Predicting Insured Losses
Aug 19, 2008
Karen Clark & Company Introduces KC Wind Damage Scale™
Allows Insurers and Other Stakeholders to Quickly Assess Likely Impact of Tropical Cyclones
Jun 2, 2008
Karen Clark & Company Issues First IMARC® Data Score
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).