"Cat Models have no Security for Insurance Companies" on Compare International Insurance.com

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Cat Models have no Security for Insurance Companies

From Risk(y) Business , 1 year ago, Read 0 times. Similar articles

Japan's sunami was higher than the Cat modelers ever expected. The waves went over the sea wall like it was nothing. The insurance Cat models didn't see it coming. The catastrophe in Japan is showing insurance company execs that the Cat models that they buy into may not be the security blanket they hoped for. As a matter of fact the inventor of Cat models, Karen Clark, is now telling insurance company bosses not to depend so much on the accuracy of the models. Mother nature is still... Read more
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