Commentary: Superstorms prompt need for better surge models

10/30/2013 | PropertyCasualty360

The losses from Hurricane Sandy and other catastrophic storms demonstrate the need to develop accurate models of storm-surge risk, writes Jeff Waters of Risk Management Solutions. "[T]hese models need to be transparent and openly reflect where material uncertainties remain, allowing customizable views of surge risk that enable the industry to explore the risk," Waters writes.

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