Prediction Markets Follow Public Disaster Forecasts, but Catastrophe-Model Updates Leave No Trace
2 min read
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Large real estate funds can pay less to insure the same disaster risk, giving institutional scale a potentially valuable advantage as property insurance costs rise.
California allows for more model data, but with restrictions.
Also, Karen Clark on why the hardest part of a catastrophe model is still the storm itself, what AI can and can't fix, and what the models are actually doing in a softening market.