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Most Cat Models Not Helping the Insurance Industry

Cat modeling is a huge trend in the insurance industry, but Michael Pilla, CEO of Technical Risk Underwriters which writes builders' risk, standalone earthquake DIC for fixed and completed property, and flood for completed property, says not all models are created equally. In this video, Pilla discusses why most cat models are creating a false sense of security for the insurance industry and what systems are a better indicator of risk and estimator of loss.

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