Improved Storm Modeling Since Katrina Changes Insurance Equation

Excerpted From The Wall Street Journal | August 27, 2015

Claude Yoder, head of global analytics at insurance broker Marsh, said insurance companies have made substantial strides in catastrophe modeling since Katrina, particularly in how they collect and assess data from storms. One change was putting more people on the ground immediately following a storm so they could see firsthand what happened, what kinds of buildings suffered what specific types of damage, and then compare that to what was predicted in the model.

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