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.”
Read next
Record Canadian Catastrophes Push TD Toward AI and Risk Modeling Updates
TD Insurance overhauls risk modeling with AI after Canadian catastrophe losses reached an unprecedented $8.8 billion in 2024.
Models
·
Modeling Challenges Exposed as Los Angeles Fires Drive Record Catastrophe Losses
Models “have not been fully captured” this risk of wildfires, Swiss Re says.
