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Jose Fuentes, a spokesperson for Speaker Marco Rubio, R-Coral Gables, said modelers' data, which insurers use in setting risks, has become a point of concern, in part because a local paper--The Ta

In building Prism, "we've really come to appreciate what makes a good, robust economic stochastic model. We're in a really good spot now having gone through all this work. [And] where we see

Catastrophe modelling experts told actuaries at an industry conference that they need to understand, use and interpret catastrophe modeling results correctly to impact the insurance industry's future

Risk management, insurance, and reinsurance brokerage company Aon Re has created an Earthquake Viewing Guide, based on the success of its Hurricane Viewing Guide used by insurers in 2004 and 2005.

He said the model changes to be released May 19 should also result in commercial vulnerability curves of about 30 percent and include loss amplification factors such as building supply demand surge an

o "Enterprise Risk Management Roundtable" will feature a panel of ERM experts who will share their experiences, explain how their responsibilities have changed over time, and describe how they see ER

Consumer advocates are calling on state regulators to stop insurers and third-party organizations from using a revised computer catastrophe modeling scheme, which they charge leads to unjustified home

Katrina's lessons extend beyond modelers, to rating agencies and