News & Publications

Media Contact:

Philip Nunes

BackBay Communications
20 Park Plaza, Suite 801
Boston, MA 02116

2011

The New England 1752 Club, Framingham, MA

Karen Clark spoke to the Club’s monthly meeting on RMS model updates and their effects on the insurance industry.

Commissioner's Insurance Symposium, East Brunswick, NJ

Karen Clark participated on a panel entitled, “From Catastrophes to Reinsurance” at the New Jersey Department of Banking and Insurance’s annual symposium, discussing the role of catastrophe models and its integration into state and federal emergency management.

CPCU Boston Industry Day, Boston, MA

Karen Clark spoke to the Chartered Property Casualty Underwriters Society on the state of and future prospects for catastrophe modeling.

Insurance Information Institute, New York, NY

Karen Clark delivered a presentation to the III Communications Committee discussing the communication of strategic catastrophe risk.

NAIC Fall Meeting, Washington, DC

Karen Clark participated in the Property and Casualty Insurance Committee’s Catastrophe Insurance Working Group.

M200, Boston, MA

Karen Clark delivered a presentation titled Catastrophe Risk Modeling and Management to the Boston meeting of the M200.

PCI Annual Meeting, New Orleans, LA

Karen Clark participated in the Catastrophe Risk Modeling Educational Session at the Annual Meeting of the Property Casualty Insurers Association of America.

IUA London Catastrophe Modeling Conference, London, UK

Karen Clark delivered the opening address on the state of catastrophe modeling in a seminar hosted by the International Underwriting Association.

NAMIC 116th Annual Convention, Indianapolis, IN

Karen Clark participated in the 2011 Catastrophe Models session, leading the discussion on how models have 'misjudged' actual hurricane loss and how companies may be misled by managing or attempting to optimize a portfolio, from a specific version of the cat models.

IRU Fall Conference, Florham Park, NJ

Karen Clark delivered a presentation titled, "Cat Management – An Alternative Proposal" to the Intermediaries and Reinsurance Underwriters Association.

15th Annual America’s Claims Event, New Orleans, LA

Glen Daraskevich delivered a presentation titled, "Responding to Catastrophic Events - Challenges and Opportunities." The session addressed challenges in executing efficient and cost effective responses to natural catastrophes and adjusting claims from large and widespread events. It provided an overview of catastrophe models, their uses, and strengths and weaknesses as tools in managing claims response.

National Property Insurance ExecuSummit, Uncasville, CT

Glen Daraskevich delivered a presentation entitled, "New Executive Briefing on Hurricane Models." The session explored key challenges in managing cat risk and addressed common questions such as which models to use, how best to use them and how companies can incorporate other credible information into decision-making and business strategy.

NAIC Northeastern Zone Conference, Wilmington, DE

Karen Clark delivered a presentation entitled "Understanding CAT Models" that discussed the effects of models on renewals, ratings and the cost of reinsurance.

Spring Meeting, Casualty Actuarial Society of New England, Sturbridge, MA

Karen Clark delivered a presentation titled, "Catastrophe Risk Management: Challenges and Opportunities." This session addressed key challenges in managing cat risk, including issues in measuring, modeling and monitoring. It answered questions such as which models to use, how best to use them and how actuaries can incorporate other credible information into decision-making and business strategy.

Spring National Meeting, National Association of Insurance Commissioners, Austin, TX

Karen Clark participated in the Working Group Public Hearing on Catastrophe Modeling and discussed types of models available and differences between short- and long-term horizons.