After Lawmakers Shift the Risk Goalposts, TWIA Punts On Rates
Upending its catastrophe model math and suppressing premiums will significantly increase TWIA’s risk, but board members are told that a possible state bailout is the “ultimate backstop.”
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Models
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Modeling Challenges Exposed as Los Angeles Fires Drive Record Catastrophe Losses
Models “have not been fully captured” this risk of wildfires, Swiss Re says.
New Colorado Wildfire Model Law Takes Effect July 1
Legislation was signed into law last week allowing model use in setting prices, but a wildfire reinsurance backstop was a step too far for lawmakers.
Models
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Private Equity Zeroes In on Climate Analytics Amid Soaring Demand
Private equity is rapidly investing in climate analytics, a fast-growing sector driven by regulatory mandates and rising demand for risk modeling, according to new report.
