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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US Standing in Weather Modeling Draws Congressional Scrutiny
The Trump Administration’s NOAA chief fielded questions from lawmakers on AI modeling and a $100M-plus budget increase, but the agency's global ranking in weather forecasting hung over the testimony.
