New York--New catastrophe models may push catastrophe insurancerates up as much as 30 percent, according to an insurance companyexpert.

The observation came during Swiss Re's annual year-end "Economicand Insurance Industry Review of 2005 and Outlook for 2006" forumheld here today.

However, Swiss Re management cautioned it is still too early toknow for certain how much rates will eventually rise as a result ofthis past season's hurricanes.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.