California E&S Insurance

*Akshually*, it’s more the catastrophe modelers rather than the actuaries driving these price increases. There’s some neat history as to how cat modelers replaced actuaries after Hurricane Andrew. It turned out that historical statistics aren’t sufficient for very rare events. Cat modelers go down to the neighborhood/property level and simulate how a single disaster that’s never happened before might affect an insurance company’s liabilities.

{
  "score": 0,
  "title": "",
  "subreddit": "bayarea",
  "num_comments": 0,
  "scrape_method": "apify_targeted"
}