Page 25 of 32
COVID-19 Failure is a Warning Call for AI-Backed Models
A study of the VA's nationwide algorithm reveals that the model's accuracy deteriorated significantly during COVID-19 and highlightd critical vulnerabilities in AI-driven healthcare systems.
Rapid Intensification Warning Signs
Upending California's insurance market while doubling down on mapping.
Investors Grill Swiss Re Over Revenues and Reserve Release Timing
Swiss Re executives faced persistent analyst questioning about declining revenues and strategic reserve releases despite reporting strong first-half profits.
The Weather Risk Wall Street Isn't Ready To Tackle
Secondary perils are becoming a first order risk.
FAIR Plans Face Climate-Driven "Cycle of Doom"; Group Proposes Catastrophe Bond Authority
Breaking Off The Largest Losses
Cat model "reasonableness" trumps price.
Ackman Pivots From Building to Buying an Insurer
The hedge fund manager is targeting $1B to $3B insurance deals.
After Lawmakers Shift the Risk Goalposts, TWIA Punts On Rates
Modeling Challenges Exposed as Los Angeles Fires Drive Record Catastrophe Losses
Models “have not been fully captured” this risk of wildfires, Swiss Re says.
Fires Throw Cold Water On Berkshire's "Float"
Plus, models get the green light in California
Federal Climate Report Challenges Insurance Industry's Extreme Weather Risk Models
A controversial Department of Energy report questioning the scientific basis for predicting worsening extreme weather events has put the federal government at odds with insurance industry assumptions.