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How DFA Can Help the Property/Casualty Industry, Part 4
Hurricanes Katrina, Rita, Wilma...
Catastrophes: Models and Reserving
Risk Measures
Reinsurer Results:
Catastrophe and Strengthening
Hurricanes: 2003 and 2004 Results, Clustering and TransitioninG
Brushfire and Fire Following Exposures
Tsunami Exposure Worldwide and U.S.
Wind and Hail: Relative Hazard Levels
Cat Modeling Class
Introduction to Reinsurance
Holborn Technical Seminar
Catastrophe, Injury, and Insurance
Review of Myers & Read ARIA Paper
A Perfectly Ordinary Tuesday Morning
This is Not Your Father’s Cat Model
Global Warming and Increased Catastrophes?
Reinsurer Risk Loads from Marginal Surplus Requirements, PCAS LXXVII
Reinsurance Markets
Risk Transfer Assessment
Introduction to Asset Returns and Risks
CAS Call Paper Panel
Ceded Reinsurance Issues in DFA
Catastrophe Reinsurance Simulation Game
Reinsurance by any other name
Clash Pricing
ALLOCATION OF SURPLUS FOR A MULTI-LINE INSURER
Optimization to Improve Business Performance

 

 
June 7, 1999
Paul Kneuer
CARe Research Corner
 
Page: 1 2

Hurricanes on 1998 Level for Events > $45 Mn.

Other Windstorms on 1998 Level for Events > $45 Mn.

Earthquakes on 1998 Level for Events > $45 Mn.

Since Earthquake losses show a similar increase in frequency and severity, we have to suspect that the cause is not only our tailpipe emissions.

  • Increased relative housing density in high-risk areas is a more likely culprit

  • Tested a regression model that included an Earthquake variable, and a compound effect for earthquake and year.

Credibility is another concern.

  • If we deleted Northridge and Andrew the answers change significantly. How much weight should two points get?

  • If we added the 1906 Earthquake and 1938 Hurricane, the answers change significantly. How much weight should two non-points get?

Simultaneous Fits for EQ and Non-EQ Events

Two other issues

Global Warming vs. Local Warming

El nino: East vs. West

New Jersey
Teterboro and Newark

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