Online mortgages are becoming much more common, especially for first time homeowner mortgages. There are several reasons why it is becoming much more advantageous for potential homeowners to find their financing online.
First of all, there is the overall move of many business transactions to the web. Just as retail purchases and social connections have moved online, mortgages have also become a product that you can find from your home, in front of your computer.
ILS Capital Management has adopted the catastrophe risk modeling firm AIR’s CATRADER catastrophe modeling solutions to enhance portfolio management of insurance-linked securities (ILS) and reinsurance contracts.
AIR’s CATRADER software enables potential investors to analyse catastrophe bonds and other instruments including industry loss warranties (ILW) and to accurately assess the risk before deciding to invest.
ILS Capital Management president and COO Tim Tetlow said that the company has selected AIR as the main model for its risk management architecture because it is well suited for modeling a diverse portfolio of ILS and traditional reinsurance contracts.
“It’s event-driven approach is critical in allowing portfolio correlation and seasonal aspects of underlying region-perils to be properly handled, important factors in managing accumulations and providing investors accurate net asset values,” Tetlow said.
“ILS Capital incorporates this framework in its proprietary ReSolution(C) system, which integrates and manages catastrophe risk in real time across multiple catastrophe models.”
CATRADER also comprises a complete database of existing active property insurance-linked securities, to facilitate users to identify trading opportunities.
“AIR delivers scientifically advanced models using a robust oversight process that ensures its models reflect basic principles of the underlying hazard to yield reasonable results,” added Tetlow.
Householders at risk of flooding should take responsibility for preventing future damage to their homes despite the fact that this may not reduce the cost of their insurance or even guarantee that they can buy flood cover, the government has said.
Richard Benyon, the minister for natural environment and fisheries, confirmed that a five-year agreement between the insurance industry and the government to ensure flood-hit householders can buy flood cover for their homes would not be renewed when it ends in June next year.
“Renewing [the agreement] would not solve the problem,” Benyon said at a conference on flooding on Wednesday afternoon.
“The current agreement does not apply to the majority of households at significant flood risk, nor does it apply to homes built since January 2009.
Last week, a client brought in a 3-year-old, female, Siamese mixed breed cat who had a severe pet health issue. The cat had been coughing for 5 months. The coughing started out randomly, but had now progressed to multiple coughing attacks daily. She was coughing during her examination, and her abdominal muscles where heaving in and out in an effort to breathe. I diagnosed her with feline asthma, and with proper medications she is now breathing easily.
Feline asthma is a disorder that causes decreased airflow in the small airways of the lungs called bronchi and bronchioles.