Industry Lines Up to Defend North Carolina’s 42% Rate Increase
Aon, ISO and academics submitted testimony in favor of North Carolina’s double digit storm insurance rate proposal driven by expected modeled losses.
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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.
Bahamas Issues National Standard for Hurricane Models
The Bahamas has established new technical standards for hurricane risk modeling that mandate probabilistic approaches and estimate current annual average losses
