Data flawed, catastrophe modeling firm warns

11/16/2005 | PropertyCasualty360

Data used by insurers to calculate property values are often incomplete and insufficient for an accurate assessment of their catastrophe risk, a Boston-based firm said. The flawed data often leads to properties that are undervalued, putting them at risk to underestimate reinsurance needs and improperly calculate risk portfolios, according to Karen Clark, president and CEO of catastrophe modeling firm AIR Worldwide Corp.

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