The idea of cat modeling is to estimate losses prior to the event. In this case, RMS is \”updating\” estimates after the fact. As far as I\’m concerned, this just shows their software is worthless. They should be saying \”we estimated X prior to the storm & we\’re close.\” What good is an estimate AFTER the event?
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The idea of cat modeling is to estimate losses prior to the event. In this case, RMS is \”updating\” estimates after the fact. As far as I\’m concerned, this just shows their software is worthless. They should be saying \”we estimated X prior to the storm & we\’re close.\” What good is an estimate AFTER the event?