The purpose of modeling is to anticipate the likelihood and severity of catastrophes so that companies can prepare for their financial impact — before they occur. The evidence suggests that, for the most part, modeling has achieved its mission. Eleven …
Bill Keogh has resigned as president of catastrophe risk modeling firm Eqecat, according to the company, and Paul Little has been named to succeed him.The company said Keogh resigned to pursue other insurance interests. Keogh was named president in November, …
Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co. When contents and time element exposures are added in, the …
London-based Hiscox has appointed Dr. Richard Dixon as its group head of Catastrophe Research. In addition, Hiscox expanded its London market reinsurance team with the recruitment of Jonathan Lord and Nick Orton as trainee underwriters for non-marine treaty business in …
A new report says recent advances in casualty catastrophe modeling can help insurers to understand potential exposures to mass torts. The report, released this month, is titled “The Need for Casualty Catastrophe Models: A Way to Prepare for the ‘Next …
When it comes to revised hurricane models, AIR Worldwide CEO Ming Lee has one basic question, “What really is all this big fuss about?” Lee, whose Boston company launched the catastrophe modeling industry in 1987, is referring to the fuss …
