Analyst: NAIC plan to build catastrophe model could be beneficial

09/27/2009 | Insurance Networking News

The National Association of Insurance Commissioners' plan to develop its own national catastrophe models provides some potential benefits that outweigh the questions about the necessity and short-term cost of such models, said Karen Clark, president and CEO of Karen Clark & Co. These models will help regulators become more knowledgeable about catastrophe risks, and the net cost of putting up the models is quite low compared with how much regulators spend to review the results from private models, Clark said.

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