Catastrophe Models Become Macro-Prudential Concern, Report Warns
Global insurance regulators warn that inconsistent modeled probable maximum loss (PML) standards and widening data gaps in emerging markets are turning catastrophe modeling into a macro-prudential concern as protection gaps deepen and risks shift toward governments and banks.
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California Warns Landslide Modeling Still Urgently Needed
California says even as its wildfire aid request shrinks, federal funding for landslide hazard mapping and modeling remains critical to preventing further losses across Los Angeles County.
