Insurers Can Brace For Multiple CatastrophesDisaster-modeling software helps carriers prepare forworst-case scenarios
In the aftermath of Hurricane Andrew, which leveled parts ofsouth Florida in 1992, probabilistic catastrophe modeling becamethe industrys standard technology for managing the risk fromhurricanes and other extreme events.
However, the industrys focus since Andrew has largely been onpreparing for the next “big one,” whether hurricane orearthquake.
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