Catastrophe Leery, AXA Cites Models In Shareholder Report
AXA is touting its internal model process as it continues to cut catastrophe exposure.
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California Wildfire Risk Has Created a $2 Trillion Capital Hole, McKinsey Warns
California’s insurance market is approaching a structural breaking point, with McKinsey warning that wildfire-driven risk has opened a $2 trillion capital gap that will require both financial restructuring and physical risk reduction to solve.
