Report Warns FEMA Not Ready to Take On Extreme Heat Disasters
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The Federal Insurance Office and academics are focusing on modeling catastrophic cyber and terrorism.
The federal government wants to determine whether developments in AI will alter the US approach to terrorism cover.
Natural disasters slashed profits in one unit,while underwriting natural disaster risk continued to payoff.
The federal government's costs tied to catastrophes has exploded over the past decade and may no longer be sustainable.
Bermuda-based Axis said that inflationary pressures were hitting legacy claims.