Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B January 20, 2025 Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20...
California Commissioner Announces Regulation to Enable the Use of Modeling in Rates December 13, 2024 California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation...
AI Weather Models Have Shown Promise This Hurricane Season November 19, 2024 By Eric Roston When Hurricane Beryl was rushing across the Atlantic basin in July, the weather forecasting tool made by Google Deepmind, the...
California Department of Insurance Moves Modeling Regulation Proposal Forward November 19, 2024 The California Department of Insurance has submitted its final wildfire catastrophe modeling regulation to the Office of Administrative Law for...
KCC Expects Private Insured Losses of $36B From Hurricane Milton October 15, 2024 By Chad Hemenway Florida’s Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate...
Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest October 9, 2024 By L.S. Howard Executive Summary: Insurers and reinsurers are responding to heightened risks of civil unrest with better calculations of their probable maximum...
California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model September 17, 2024 California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says...
As Storm Bebinca Approaches, Taiwan Uses AI to Predict Typhoon Paths September 13, 2024 By Yimou Lee As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei...
Moody’s Acquires Praedicat to Add Casualty and Liability Models September 5, 2024 Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of...
California Commissioner Invites Input on Final Phase of Wildfire Modeling Regulation August 19, 2024 California Insurance Commissioner Ricardo Lara has invited public input as he begins the final phase of approving a “first of...