Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines......
The California Department of Insurance's hearing on catastrophe modeling and insurance
The hearing relates to a proposed regulation that would allow for the use of wildfire and flood catastrophe models for residential property insurance ratemaking...
The hearing relates to a proposed regulation that would allow for the use of wildfire and flood catastrophe models for residential property insurance ratemaking...
Article / 2 days ago
BMS Severe Weather Update - 04/24/2024
The highly anticipated sequel to the 1996 disaster classic, “Twister,” is set to hit theaters this summer on July...
The highly anticipated sequel to the 1996 disaster classic, “Twister,” is set to hit theaters this summer on July...
Article / 2 days ago
Global property insurers see 'alarming' losses as risk models lag, report says - Reuters
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
reuters.com /
Article / 9 days ago
Heard on the Street: A 'Hyper-Active' Hurricane Season Will Test Reinsurers’ Readiness - Wall Street Journal
This year is shaping up to be a busy one for big Atlantic storms. Catastrophe reinsurers have already boarded up their windows...
This year is shaping up to be a busy one for big Atlantic storms. Catastrophe reinsurers have already boarded up their windows...
Article / 15 days ago
Aon chief calls for better models for ‘stressed’ property insurance market - Financial Times
Industry’s reliance on history to predict losses not sufficient for era of climate, cyber and AI risks, Greg Case says...
Industry’s reliance on history to predict losses not sufficient for era of climate, cyber and AI risks, Greg Case says...
Article / 16 days ago
CSU forecasts well-above average major hurricane landfall probability for 2024 season
Colorado State University's tropical meteorology team led by Phil Klotzbach have issued their first forecast for the 2024 Atlantic hurricane...
Colorado State University's tropical meteorology team led by Phil Klotzbach have issued their first forecast for the 2024 Atlantic hurricane...
Article / 22 days ago
Predictions Point to a Record-Breaking 2024 Atlantic Hurricane Season - Claims Pages
Friday, March 29th, 2024 Source: Accuweather The 2024 Atlantic hurricane season is setting the stage for potentially record-setting...
Friday, March 29th, 2024 Source: Accuweather The 2024 Atlantic hurricane season is setting the stage for potentially record-setting...
claimspages.com /
Article / 25 days ago
California Insurance Commissioner: Allow Cat Modeling in Rates for Wildfires
California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a move he says will...
California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a move he says will...
Article / 1 month ago
Smokehouse Creek Fire commentary by Moody's RMS
On 26th February, the record breaking Smokehouse Creek wildfire broke out and is now affecting the northeastern Texas panhandle and western Oklahoma...
On 26th February, the record breaking Smokehouse Creek wildfire broke out and is now affecting the northeastern Texas panhandle and western Oklahoma...
PR / 1 month ago
From Idalia to Otis: The Hurricanes That Shaped 2023 and What's Next
We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap and 2024 Outlook briefing...
We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap and 2024 Outlook briefing...
Article / 2 months ago