Claims News Service, Dec. 20, 9:20 a.m. EST -- Windstorm-exposed coastal and inland properties need to become better prepared for storms and hurricanes, according to members of the Casualty Actuarial Society.
The organization, which provides education and research to help its members better evaluate hazard risks, recently held their annual meeting in Baltimore, Md.
Panelists from the conference stated that they believe hurricane anomalies experienced in the 2004 and 2005 hurricane seasons are inevitable over the long term. They assert that actuarial models already include worse storms in their ultimate scenarios.
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