Breaking will be offline for scheduled maintenance Saturday, May 8 3 AM EST to 12 PM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Flood.jpgOne of the shockers for me in attending last week’s ACORD London Forum was learning about the lack of standardization when it comes to working with catastrophe models. I was also surprised to hear that many companies work with multiple models to hedge their bets. It sounds like the industry is still dealing more with wishful thinking than hard science when it comes to their biggest exposure.

ACORD has a number of players participating in a standards-setting initiative on catastrophe data, but panelists at last week’s forum lamented that not everyone is on board.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.