Social Change Modeling Is a Problem; California Wildfire Law Adds Subrogation Kicker
"Reinsurers are not particularly good at anticipating long-term trends correctly."
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"Reinsurers are not particularly good at anticipating long-term trends correctly."
Capital growth boosts US insurer catastrophe capacity to record levels
CEA signals quake change, wildfire models fall short.
Plus, wildfire models won't fix what's already broken in California,
Upending California's insurance market while doubling down on mapping.
Cat model "reasonableness" trumps price.