Natural Catastrophes: Preparing for the Inevitable
White Paper Summary
Frequency and Severity.
These two words are often used to quantify risk and under normal circumstances, they are inversely proportional. Losses that happen frequently tend to be less expensive while the billion dollar losses tend to be rare.
However, over the last several years, the loss trends for natural catastrophes have been going in a new direction, with billion-dollar events on the rise.
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