catastrophe models News

Fire and Hail Push Insurers to Rethink Climate Change Risks

LONDON — By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is …

$15B Global Economic Toll Due to September Natural Disasters

September was an active month for natural disaster around the globe, according to Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, released the latest …

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 …