Karen Clark News

An Interview with Karen Clark 30 Years After Hurricane Andrew Affirmed Her Models

June 1 marks the beginning of the Atlantic hurricane season – one that is expected to be above average in terms of named storms and hurricanes. Insurance Journal used the occasion to speak with Karen Clark, founder of catastrophe modeling …

P/C Insurers’ Increased Reliance on Reinsurance Portends Premium Hikes

American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming. “This year we’re …

Report Shows Increasing Concentrations of Insured Property Values in U.S.

Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co. When contents and time element exposures are added in, the …

Karen Clark & Co. Introduces RiskInsight® Platform for Cat Risk Management

Boston-based Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, announced the release of the RiskInsight® open, global platform for catastrophe risk management. The bulletin described RiskInsight has featuring “an open architecture that …

Historical U.S. Hurricanes: What If They Struck Today?

There have been 28 storms in U.S. history since 1900 which if they were happen today would each cause $10 billion or more in insured losses. Hurricane Andrew, which struck Florida 20 years ago this week, would be three times …

New Tool Helps P/C Insurers Manage Volatility of Catastrophe Models

A new risk management tool promises to help insurance companies understand wide swings in loss estimates from traditional catastrophe models and better plan for large loss events. Karen Clark & Co. (KCC), founded by a woman who pioneered in catastrophe …

P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark

Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried that they are being given more credit and influence than they deserve. Karen Clark is an expert in …