Flood events could be far more likely soon
One-hundred-year flooding events could be on track to become 50-year events by 2050, while property losses are expected to increase by 125% due to wildfire activity, according to analysis by the Society of Actuaries (SOA).
With this uptick in nat cats posing various economic and sociological challenges, it is important that insurers take notice and plan for a potentially troubling marketplace, according to SOA.
“Carriers need to be mindful of how much capital they