catastrophe modeling News
The Care and Feeding of Property-Catastrophe Models
A wise statistician once said: "All models are wrong, but some are useful." The key to getting useful (accurate) model results is working with models that fit specific ...
Barring Change, Allstate May Exit California Property Market Completely
The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier representatives and consumers took ...
Report From California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners' ...
How One Computer Forecast Model Botched Hurricane Ian
As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn't agree on where the killer storm would land. But government meteorologists are ...