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Why You Should Review CAT Data Today
Excerpted From Insurance Networking news | June 24, 2015
"Catastrophe (CAT) models, which use algorithms to estimate potential losses stemming from a catastrophic event, have become key components of property insurance underwriting and are critical tools in quantifying potential losses from hurricane damages. Yet each hurricane season puts CAT models to the test, with potentially billions of dollars riding on the accuracy of these models. The key to developing effective CAT modeled loss estimates is accurate, high-quality data."