Model forecasts for the 2006 through 2008 hurricane seasons significantly overestimated U.S. insured losses, according to a study by a catastrophe risk management firm released today.
The report--"Near Term Hurricane Models--How Have They Performed?"--was issued by Boston-based Karen Clark & Company and is available at www.karenclarkandco.com.
The firm said it looked at models designed to predict insured losses in the United States from Atlantic storms for the five-year period ending in 2010.
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