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Insurers Criticized for New Rate Models

Number 23978
Subject Insurance
Source Wall Street Journal (New York)
State NY
Year 2008
Publication Date 06/01/2008
Summary This story investigates property-casualty insurers' use of controversial computer models created by various modeling firms; the computer models use complex data to project potential losses from hurricanes and other natural disasters. But investigative reporting revealed the models can be flawed in their design, in their assumptions or in their application by insurers.
Category Contest Entry
Pages 6
Keywords housing; rate increases; computer models; potential losses; property insurance; premiums
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