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Unavoidable Catastrophe
Mitch Caster July 12, 2022 Posted in: Blog Posts, Insurance / Insurers, Reinsurance
A useful and illustrative measure of extreme weather events are catastrophic (CAT) insurance claims, herein defined as any occurrence resulting in more than $25 million in insured damages. The insurance industry has seen an increase in large CAT claims over the last decade relative to historical experience – with notable recent events including hurricanes Harvey, Irma and Matthew.
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