Insurers Face Higher Claims from Severe Convective Storms in Germany

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Unknown to them, however, sweltering ground temperatures were forcing a column of moist air upwards to feed a weather phenomena scientists call a convective storm. Just before 4 p.m. on July 15, thunder, lighting bolts and torrential rain hit and sent startled bathers dashing for shore.

‘The storm was obviously so surprising that some bathers had difficulty getting out of the water,’ said Fabian Geier, a spokesman for the local fire brigade, which deployed to the site some of the 55 emergency services personnel and an aerial search-and-rescue drone.

Rising temperatures attributed to a broader warming of the planet are making convective storms like this one more common across southern Germany. That’s increasing costs for insurers, which shouldered a record $160 billion in climate-related damages last year worldwide and are noticing similar trends in other places, especially the U.S. Midwest.

Publisher: Insurance Journal
Date: 2019-05-16T06:45:35-04:00
Twitter: @ijournal
Reference: Visit Source

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Insurance Industry Embracing DLT for Cryptographic Protection

Despite the growing number of online brokers, many customers are still calling online insurance brokers to buy new policies. Policies are often processed on paper contracts, meaning claims and payments are error-prone and often necessitate supervision by humans. Each move in this collaborative effort is a possible failure point in the overall system where data can be lost, policies misinterpreted, and settlement times extended. Enter blockchain technology, a shared record-keeping form that is cryptographically protected.

Publisher: CIOReview
Date: 47648C3FCBD53C895A54522050B5A6DC
Author: CIO Review
Reference: Visit Source

Pediatric Psoriasis Tied to Higher Rates of Other Medical Conditions

Patients with pediatric psoriasis had a higher incidence of various comorbid conditions than those without pediatric psoriasis, researchers found.

Overall incidence rates for any comorbidity were 23.64 per 1,000 person-years in the psoriasis group and 12.68 per 1,000 person-years in the non-psoriasis group, reported Amy Paller, MD, of Northwestern University Feinberg School of Medicine in Chicago, and colleagues.

Using insurance claims data in the U.S., the researchers found that incidence rates for several comorbidities were significantly higher in the psoriasis cohort compared to the non-psoriasis group, including juvenile idiopathic arthropathy, hyperlipidemia, and any serious infection.

Date: 2019-05-07 17:00:00
Author: Ashley Lyles
Twitter: @medpagetoday
Reference: Visit Source

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Greetings Earthlings: Servers on reboot. The data presented above may one day be zapped to another dimension. Just thought you should be aware. It should be alright to step abroad. It is safe.