Memory vs. History: Underwriting Hurricane Needs the Long View

Posted by Ivan Maddox on Aug 27, 2015 11:32:00 AM

Recently I’ve been researching where hurricanes have historically made landfall in the southeastern United States, and I have found little nuggets of wisdom that help drive underwriting in Florida. The variability of the frequency of hurricane strikes along the coast is surprising. Some places get nailed a lot, and some rarely get hit.

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Topics: Flood Insurance, Insurance Underwriting, Hurricane, Private Flood

Investigating Tsunami Risk

Posted by Ivan Maddox on Jun 2, 2015 2:32:37 PM

This final blog post introducing earthquake risk and analytics explores a common accompaniment to earthquake: tsunami. This is an interesting peril because it's actually a combination of two perils — earthquake and flood. Tsunami is the surging flood from the ocean caused by sudden seabed vertical displacement (or, rarely, it can be caused by a huge landslide). The earthquake may or may not cause damage on a nearby coast, but the huge volume of water hitting coastal areas at high velocity causes intense damage — frequently complete destruction.

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Topics: Natural Hazard Risk, Natural Catastrophe, Other Risk Models, Earthquake, Hurricane

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