Hurricanes & Hackers: Natural and Manmade Disasters Affect Us All
By Tim Starr, CIC, CRM, CRIS, CWCA, AB; President & CEO, The Starr Group
Our country has been hit hard the last several weeks: this certainly could have been a more tragic story. As of this writing (9-11), it had been suggested that the U.S. could potentially experience the costliest insurance loss in history -- est. $120 Billion!! Thankfully, the reality of it will be 25% of that -- at most. Wow, it illustrates our challenge in modeling exposure at minimum.
It is not like we should be disappointed every news outlet had it wrong. They do sell sensationalism, but frankly, this one seemed well, highly probable.