Catastrophe Models Need to Fix “Short Term Focus”: US Treasury
Carriers and state regulators are updating their existing catastrophe models, but more work needs to be done as a changing climate upends loses.
Carriers and state regulators are updating their existing catastrophe models, but more work needs to be done as a changing climate upends loses.
A new report from the island’s regulator says that insurers and reinsurers have done “little” in cyber risk disclosure
As Florida insurance carriers go under they are dragging down its guaranty fund.
Over 80% of insurers surveyed said their risk models will need to be upgraded or replaced.