You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Lessons from Sandy:<br />
Hurricane Deductibles<br />
• For two consecutive years, borderline-hurricane events have made<br />
landfall in the northeast, but hurricane deductibles haven’t been allowed to<br />
be applied.<br />
• This means that the modeling assumption of using a hurricane<br />
deductible for weak Cat 1 hurricanes or transitioning storms may be<br />
incorrect.<br />
• This practice artificially reduces the loss costs for portfolios because<br />
the fire deductible isn’t used in the modeling.<br />
• Currently, some models typically only accept one deductible type per peril.<br />
• Do we ask for wind and fire deductibles in data submissions<br />
• For which storms in the event set should the fire deductible be used<br />
with
Change language