Single-model approaches to catastrophic risk is the norm for many risk and insurance professionals, which increases the fragility of risk strategies. Instead, researchers recommend a multi-risk model especially as climate risks increase in the new decade.
Updated or modified climate risk models can dramatically shift risk strategies. When CAT risk models change, risk and insurance professionals need to reassess all the...
The West Coast wildfires have already put an estimated $120B at risk, and the threat of fires are forecasted to continue into November. Whether the wildfire damage will...