Gallagher Re Warns Extreme Heat a Growing “Unmodeled Risk” For Insurers Fueled by AI Data Centers
Gallagher Re warns that extreme heat is emerging as a major yet “unmodeled” risk, exposing insurers to growing losses across energy, technology, and infrastructure sectors.
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Model Updates May Also Push Texas Reinsurance Costs Down Further After Legislative Intervention
TWIA's reinsurance costs are projected to drop further, driven by new legislation and declining modeled loss scenarios for hurricanes.
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Record Canadian Catastrophes Push TD Toward AI and Risk Modeling Updates
TD Insurance overhauls risk modeling with AI after Canadian catastrophe losses reached an unprecedented $8.8 billion in 2024.