Underwriters who provide flood coverage have always known the risk of storm surge and usually managed it by offering reduced limits. Being able to get a price for it was another matter. Perhaps using a model would allow the market to actually price for the exposure.
Underwriters who provide flood coverage have always known the risk of storm surge and usually managed it by offering reduced limits. Being able to get a price for it was another matter. Perhaps using a model would allow the market to actually price for the exposure.