Basis Risk, Trigger Design Top Concerns as Congress Eyes Parametric FEMA Reform
A congressional report gives a mixed verdict on proposals to shift FEMA disaster aid to a parametric model.
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US Insurers Have a Growing "The Model Made Me Do It" Problem
Third-party catastrophe models are making most homeowners insurance underwriting and pricing decisions and regulators are starting to question who's accountable for that.
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AI's Next Frontier May Be a Single Model for All Epidemics
Researchers are making the case for an AI model that generalizes across pathogens and the pandemic bond’s parametric trigger failures illustrate exactly what's at stake if they succeed.
