News

Catastrophe modelers respond to growing wildfire threat

By Matthew Lerner

Aug 28, 2018


Business Insurance

As insured losses from wildfires continue to grow in California and elsewhere, demand for better information and modeling is rising, and catastrophe modelers are responding with new and updated products.

“The sizable fires that occurred in 2017 and earlier have driven demand,” said Peter Fallon, senior vice president at brokerage Risk Strategies Co. Inc., in an email.

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