Subscribe to this blog's feed

Categories

Archives

About

Blog powered by Typepad

Google

  • Google
    Google

    WWW
    insuranceclaimsbadfaith.typepad.com

Disclaimer

  • REMINDER: THE CONTENTS OF THIS BLOG DO NOT MAKE AN ATTORNEY-CLIENT OR OTHER PROFESSIONAL RELATIONSHIP. ALWAYS CONSULT THE CASES AND LAWS OF EACH PARTICULAR JURISDICTION AND AN ATTORNEY IN AND FAMILIAR WITH THE PARTICULAR JURISDICTION AND ITS LAWS, WHENEVER YOU TRY TO ADDRESS OR RESOLVE ANY LEGAL QUESTION.
    The information provided on this site is informational, only. We cannot represent, guarantee or warrant that the information contained in this site is appropriate for the usage of any particular reader. We are independent of cross links and do not warrant their accuracy or applicability. We are located in Florida and comply with all ethical rules of the Florida Bar. Some States may require the wording "This is an advertisement" or other words or information of this nature. Reading email or Comments, or replying to email or Comments, or accepting telephone calls or returning telephone calls shall not be considered legal advice. We require that all agreements for professional services be in writing and signed by Mr. Wall, the Firm and the client, whether for Legal Services, Consulting Services, or Expert Witness.

« Webinars Continue for Florida Bar Consumer and Tenant Lawyers! | Main | CLE Webinars Continue FREE for Florida Bar Consumer and Tenant Lawyers! »

September 20, 2018

HURRICANE FLORENCE CLAIMS IN 2018:  ARE ESTIMATES BETTER THAN INVENTORIES?

A catastrophe claims modeler, AIR Worldwide, estimates the damage caused by Hurricane Florence.  Even before all the damage is reported, examined, and written up.

So, AIR's premature estimate is understandably in a very wide range:

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Florence’s winds and storm surge will range from USD 1.7 billion to USD 4.6 billion. Note that these estimates do not include the impact of the ongoing flooding from Hurricane Florence’s unprecedented precipitation.

(AIR Worldwide Press Release, AIR Worldwide Estimates Insured Wind and Storm Surge Losses for Hurricane Florence, Tuesday, September 18, 2018, also accessible at http://www.air-worldwide.com/Press-Releases/AIR-Worldwide-Estimates-Insured-Wind-and-Storm-Surge-Losses-for-Hurricane-Florence/.)

Why is this useful?  Why do we have guesses now?  Why can't we just wait for the actual returns to come in?

Why, indeed.

Please Read The Disclaimer.  ©2018 Dennis J. Wall.  All Rights Reserved. 

Posted by on September 20, 2018 at 05:49 AM in Catastrophe Claims, Damages, Hurricanes |

Tags: catastrophe, claims, computer, damage, Hurricane Florence, hurricanes, modeler, models, press, release, storm surge, winds

Comments

The comments to this entry are closed.