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Which way will Hurricane Matthew turn?  That’s always the question with hurricanes.  They don’t set exact itineraries.  Their eventual paths are determined by a number of factors.  While hurricanes may leave us guessing, they should never find us unprepared.  XL Catlin does a lot of thinking about hurricanes – to see how we can be better prepared and help businesses address the risks they face when caught in a hurricane’s path.  ​For instance, property insurers like XL Catlin work with its team of risk engineers to aid in the underwriting process and to assist clients in taking preventative measures to protect their properties. Here are some helpful tools from XL Catlin’s Property Risk Engineers/GAPS team:

Seeing losses from Superstorm Sandy and other flooding, our Fine Art and Specie team helps homeowners, galleries, dealers, and other collectors make sure their high-value items are adequately protected.  Check out theirProtecting Fine Art from Natural Disasters checklist.  ​Flood risks posed by hurricanes are on a lot of underwriters’ minds, including Bud Lockwood, XL Catlin’s Head of Property Treaty reinsurancebusiness in North America.  He shares his thoughts on flood risks inHurricane season 2016: Spotlight on flood exposure.​And recently, Paul Simons, US Property Treaty Reinsurance, XL Catlin, shared his thoughts on fraudulent insurance claims and the misuse of Assignment of Benefits (AOB) policy provisions. The AOB provision allows an insured to assign a claim payment from the insurer directly to a third party, such as a direct payment to a doctor in the case of a healthcare policy, or direct payment to a contractor in the case of a homeowner policy.  Read more about this trend in his article, “AOB abuse - a homeowner's insurance nightmare.”

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Global Asset Protection Services, LLC, and its affiliates (“AXA XL Risk Consulting”) provides risk assessment reports and other loss prevention services, as requested. This document shall not be construed as indicating the existence or availability under any policy of coverage for any particular type of loss or damage. AXA XL Risk. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any publication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. Save where expressly agreed in writing, AXA XL Risk Consulting and its related and affiliated companies disclaim all liability for loss or damage suffered by any party arising out of or in connection with this publication, including indirect or consequential loss or damage, howsoever arising. Any party who chooses to rely in any way on the contents of this document does so at their own risk.

US- and Canada-Issued Insurance Policies

In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following AXA XL surplus lines insurers: XL Catlin Insurance Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor Insurance Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.