Day: September 11, 2018

The Challenge of Assessing Risk of Damage from Non-Weather Related Events

The Challenge of Assessing Risk of Damage from Non-Weather Related Events The Challenge of Assessing Risk of Damage from Non-Weather Related Events

Despite Mother Nature’s unpredictable events, sophisticated catastrophic risk and weather verification models have made it possible for insurance carriers to take into account natural hazard risk in underwriting. Surprisingly, it has historically been more challenging for insurers to quantify the non-weather-related events when assessing the risk of a property. Thanks to big data from resources […]

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