U.S. Hurricane Modeling - Can We Afford to Ignore the Science?

This year, Risk Management Solutions released a major upgrade of its North American hurricane model suite that brought unprecedented changes to companies’ loss estimates. As the industry works to understand and adopt an altered view of risk, fundamental questions are surfacing about the use of models in risk management and even about the underlying philosophy of model building. Should modeling companies seek steady, incremental change so as not to disrupt business plans?