Storm-related damage is a growing problem for insurance carriers and their customers, and can lead to increased costs. Now, new technology enables insurance carriers to proactively manage the effects of hail and wind on their business. Claims teams are employing RespondTM analysis service for natural hazards to improve customer service through faster cycle times and reduce loss adjustment expense within hours after a storm.
Catastrophe teams and non-cat claims teams are easily integrating accurate, property-specific analytics into the claims workflow. As of 2014, the Respond service is provided by AER's sister company Verisk ClimateTM.
Read the 2011 announcement about NOAA’s National Severe Storms Lab teaming with Atmospheric and Environmental Research (AER) on hail and severe storms risk management to help the insurance industry anticipate storm damage and deploy staff, saving time and money.