Insurers have seen only moderate losses from natural catastrophes in the past year, but the trend could reverse at any time. Increasingly unpredictable and extreme weather make Nat Cats an omnipresent threat that poses personal injury, property, business interruption, and supply chain risk, among others.
Catastrophe modelers have provided carriers with better data to support more precise underwriting, but even the best analytical programs may not be equipped to assess or predict threats like the “Big One,” or an eruption of Yellowstone’s supervolcano. Such incidents could wipe out businesses in entire regions of the regions of the country.
Sponsor’s Information: Learn more about how Starr Companies can help with your natural catastrophe risks.