probable maximum loss Archives - Carrier Management

How New Rating Agency Formulas Could Impact Reinsurance and the ILS Market

U.S. hurricane is the peril most likely to cause the largest insured catastrophe losses and therefore financial impairment for insurance companies that are not adequately prepared. To date, rating ...

Hurricane Katrina’s Legacy

Hurricane Katrina was a deadly storm that caused a large loss to the insurance industry—but not so large that it shouldn't have been anticipated by the catastrophe models. In the months after this ...

What Boards Would Like to Know About Catastrophe Losses

As the founder of AIR, one of the top two modeling companies, and its CEO for 20 years, I spent much of my career informing insurers and reinsurers about catastrophe models and extolling the virtues ...