Model Skepticism
There is an "expectations gap" between risk science and what the market and insureds are will to accept.
Read next
Obamacare, But for Homeowners Insurance
Also, cat bonds are putting an increasing premium on wildfire risk.
Risk Wrapped In a Cat Bond Inside an Enigma
Also, wildfire models under the state regulators' microscope and physical risk reality vs. ESG expectations
Rolling the Odds: How Prediction Markets Are Pricing and Hedging Weather Risk
For RMN Subscribers * Former White House Cyber Official Proposes Catastrophe Bonds to Address China Infrastructure Threats A former NSC cyber