Catastrophe Models Need to Fix “Short Term Focus”: US Treasury
Carriers and state regulators are updating their existing catastrophe models, but more work needs to be done as a changing climate upends loses.
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California Lawmakers Pass Public Wildfire Catastrophe Model Legislation
SB 429 heads to Governor's desk and would create the nation's first public wildfire risk assessment tool.
Terrorism Risk Models Still Fall Short as Reinsurers “Struggle” With Loss Estimates
Nearly a quarter century following the 9/11 attacks, a new report says critical gaps in current risk modeling capabilities continue to constrain private sector participation in terrorism risk coverage.
