Insurers Back California Wildfire Proposal, With Warnings
Industry representatives said they will expand wildfire coverage in return for model-based pricing, but added that California’s plan still has several problems.
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AI Forces Insurers to Rewrite Risk Models, Senate Panel Told
A Senate Banking Subcommittee hearing underscored how artificial intelligence is simultaneously rewriting insurers’ actuarial playbooks and creating new, hard-to-price exposures that must be quantified to unlock reinsurance capital.
A Direct Miami Cat 5 Hurricane Hit Would Be “Devastating” In Any Scenario: Moody’s
A Katrina-like storm in Southeast Florida would likely result long-term population loss and permanently higher insurance costs.
