Practitioners question reliability of hurricane estimates

The reliability of modelled hurricane estimates for Irma and
Harvey is coming under scrutiny as insurers begin to assess the
cost of the two events.
While AIR, RMS, Karen Clark & Co (KCC) and others continued
to refine their views on the insured losses from the brace of
hurricanes that struck the US mainland earlier this month, a number
of underwriters at Monte Carlo spoke of the wide differential
between modelled losses for Katrina, Rita and Wilma (KRW) and the...