2009

"Cat Modeler’s Review Highlights Necessity To Integrate Models Throughout Operations,"BestWeek.
Karen Clark & Company Senior Vice President John Tierney discusses the need for insurers to do a better job of integrating the catastrophe modeling process into their operations. [Full Article]

"Where Are They Now?"Business Insurance.
In this profile of Karen Clark, a former Business Insurance Women to Watch honoree, Ms. Clark discusses how Karen Clark & Company assists insurers in improving their exposure data. [Full Article]

"Quake with Uncertainty,"Global Reinsurance.
Karen Clark comments on the uncertainties inherent in earthquake models and the danger of using point estimates, in this article from Global Reinsurance (www.globalreinsurance.com). [Full Article]

"Understanding uncertainty,"Reactions.
In this article, Karen Clark comments on the inherent limits of catastrophe models and cautions against overreliance on the models. [Full Article]

"Cat model pioneer cautions insurers on over reliance of models," Canadian Insurance.
Karen Clark and others share their perspectives on insurers’ use of catastrophe models. Ms. Clark expresses her concern that "model precision can be confused with accuracy." [Full Article]

"Shaking up the Models," Risk & Insurance.
In this article on new earthquake models, Karen Clark comments on the inherent limitations of catastrophe modeling software. [Full Article]

"Cat Modeler Karen Clark on Over-Reliance by Insurers," A.M. Best.
In this BestDay Audio podcast, Karen Clark discusses why insurers rely too heavily on catastrophe models and often put too much weight on the probable maximum loss (PML). [Link]

"Cat Modeling Pioneer: Don’t Rely Too Much on Cat Models," A.M. Best.
Karen Clark comments extensively on the appropriate use of catastrophe models and the perils of selecting a specific point estimate of loss such as the PML. [Full article]

"Perspectives: Why Model Behavior Doesn’t Always Make Sense,"A.M. Best.
In this opinion piece, A.M. Best senior associate editor Meg Green cites Karen Clark, "the mother of catastrophe modeling," and her caution on overreliance on catastrophe models. [Full article]

"Have near-term cat risk models failed?," Reactions.
Karen Clark speaks with Reactions about the findings of the firm’s report on the performance of near term hurricane models and their appropriate role in gauging catastrophe risk." [Full Article]

"A Review of the Performance of Near Term Hurricane Models," Risk Management.
An abridged version of the Karen Clark & Company report "Near Term Models: How Have They Performed?" is featured in Risk Management’s June 2009 issue, page 22. [Full article]

2008

"Efficacy of Catastrophe Models Assessed," Insurance Networking News.
This article details the findings of a report by Karen Clark & Company on the performance of near term hurricane models and quotes Karen Clark on the implications for the insurance industry. [Full Article]

"Overshadowed but Active Hurricane Season Was Anticipated by the Industry," A.M. Best.
In this article on the active 2008 hurricane season, Karen Clark discusses how the insured losses predicted by near term hurricane models compare to actual losses over the past three years. [Full Article]

"Get a Hold of Your Property, People," Risk & Insurance.
This article discusses how risk managers can move beyond models to better assess their property risk. Karen Clark says that model results should be supplemented by inspection reports and data detailing specific characteristics of the insured property. [Full Article]

"Why The Next Big Northeast Hurricane Will Surprise," Catastrophe Risk Management.
This article by Karen Clark describes the devastating impact of the 1938 hurricane on New England and projects the losses a similar storm today could incur. [Full Article]

"Technology-based Underwriting," A.M. Best Company E-Fusion Conference.
In this E-Fusion Conference webinar, Senior Vice President Glen Daraskevich presents on how insurance companies can leverage mobile technology to improve underwriting decision making for the property lines of business. [Link]

"Karen Clark and Glen Daraskevich of Karen Clark & Company Discuss Next-Generation Modeling and Underwriting,"A.M. Best Company E-Fusion Podcast.
As part of A.M. Best Company's 2008 E-Fusion Conference, Karen Clark & Company participates in this Q & A podcast on how insurers can better prepare for and deal with catastrophes. [Link]

"The Hurricane of ’38 Remembered," Worcester Telegram & Gazette.
In this article marking the 70th anniversary of The Great New England Hurricane of 1938, Karen Clark is quoted on the devastation a similar storm today would bring to the region. [Full article]

"Could a Hurricane Katrina or Ike Happen in MA?," WBZ-TV, Boston.
In this televised segment that aired during WBZ-TV’s Hurricane Week, Karen Clark speaks with meteorologist Mish Michaels about the likelihood and impact of a severe storm striking Massachusetts. [Link]

"Birth Mother of CAT Modeling Spins On," Risk & Insurance®.
Risk & Insurance® announces Karen Clark as a winner of the 2008 Risk Innovator™ Award in the Insurance category for her outstanding integrity and her ability to address risk-related problems through unique, innovative solutions. [Full article]

"GR Top 40: The Most Influential Women," Global Reinsurance.
Karen Clark is named the most influential woman in the reinsurance sector for her notable accomplishments in this male-dominated industry. [Full article]

"Modeling rests on data," Business Insurance.
In this transcript of a Q&A podcast, Karen Clark speaks with Business Insurance about the limitations of catastrophe models, the quality and range of model input data, and the future of the risk assessment industry. [Full article]

"Shore Bets," Banker & Tradesman.
Over the past twenty years, catastrophe models have become a mainstay of the insurance industry. This article quotes Karen Clark on the appropriate role and application of these models in assessing and managing risk. [Full article]

"Hurricane Preparedness is key to surviving a Katrina," Providence Journal.
This article details the efforts that Rhode Island is taking to prepare for a major storm and quotes Karen Clark on the devastating impact a hurricane like Katrina would have on the region’s property and infrastructure. [Full article]

"Complacency cited as main hurricane risk in Northeast," New Bedford Standard-Times.
Major hurricanes in the Northeastern U.S. are rare but can have a devastating effect on people and property, especially when hurricane warnings are disregarded. Karen Clark is quoted on the property damage a hurricane like the Great Hurricane of 1938 would incur in New England. [Full article]

"Thinking outside the black box," The Review.
This article by Karen Clark discusses ways that companies can mitigate risk by applying benchmarking analyses that test the credibility of model output. [Full article]

"Nobel Peace Prize Winners Honor Catastrophe Model Pioneer Clark," Insurance Journal.
Insurance Journal announces that Karen Clark received an award certificate for the 2007 Nobel Peace Prize bestowed on the Intergovernmental Panel on Climate Change (IPCC). [Full article]

"From the archive: an interview with Karen Clark," Insurance Day.
In this interview with Insurance Day, Karen Clark offers commentary on how catastrophe risk assessment can be improved by using catastrophe models in conjunction with quality exposure data, a process for checking model output, and other information on losses not covered by the model. [Full article]

"European Insurance Forum Examines Industry Changes," Insurance Journal.
This article covering the Tenth Annual Insurance Forum in Dublin cites Karen Clark’s remarks during her participation in a panel discussion titled “Global Warming—Mitigation or Devastation.” [Full article]

"Wild Variations," Reinsurance Magazine.
Karen Clark addresses the inconsistency among results produced by existing catastrophe models and suggests that companies use benchmarking and scenario analysis to bring more transparency to these results. [Full article]

2007

"Catastrophe Modeling Pioneer Clark Advises on Insurers’ Best Practices," Insurance Journal.
This article announces that Karen Clark & Co. will provide reviews of internal catastrophe risk assessment to help companies conform to best practices. [Full article]

"Cat Modeling Pioneer Clark Honored by Reinsurance Industry," Insurance Journal.
This article details Karen Clark’s receipt of The Review Worldwide Reinsurance Awards’ Lifetime Achievement award for her outstanding contributions to the reinsurance industry. [Full article]