The Politics of Hurricane Insurance
MP McQueen has a front-page WSJ article today attacking property insurers for, um, well, it's not entirely clear what they're supposed to have done wrong. Apparently they use something called "computerized catastrophe modeling":
...Crafted by several independent firms and used by most insurers, so-called cat models rely on complex data to estimate probable losses from hurricanes.
But regulators and other critics contend that the latest cat models -- which include assumptions about various climate changes -- are triggering higher insurance rates.






