Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say May 13, 2024 By Gautam Naik The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller...
The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
Markets/Coverages: Resolute Global Partners Launches New Type of Reinsurance Contract April 18, 2023 Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of...
‘The Phones Started Ringing Right Away’: Cat Modeling Pioneer Karen Clark Recalls Hurricane Andrew June 1, 2022 By Chad Hemenway At the start of the 2022 Atlantic hurricane season, Insurance Journal spoke with Karen Clark, founder of two catastrophe modeling...
P/C Insurers’ Increased Reliance on Reinsurance Portends Premium Hikes November 18, 2021 By Max Reyes American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in...
Report Shows Increasing Concentrations of Insured Property Values in U.S. December 13, 2012 Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a...
Karen Clark & Co. Introduces RiskInsight® Platform for Cat Risk Management October 2, 2012 Boston-based Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, announced the release...
Historical U.S. Hurricanes: What If They Struck Today? August 21, 2012 There have been 28 storms in U.S. history since 1900 which if they were happen today would each cause $10...
New Tool Helps P/C Insurers Manage Volatility of Catastrophe Models February 1, 2012 A new risk management tool promises to help insurance companies understand wide swings in loss estimates from traditional catastrophe models...
P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark April 14, 2011 By Andrew G. Simpson Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one...