Near Term Hurricane Models Performance Update - January 2011
January 17, 2011
For the past two years, Karen Clark & Company has released reports titled "Near Term Hurricane Models – How Have They Performed?" 1 With 2010 marking the end of the first five year "near term" model projection period, we are once again providing a detailed analysis of the models' performance. The purpose of this report is to make more transparent to model users how actual results have compared to the model projections. In addition, we discuss the Hurricane Frequency Paradox and its relevance to the insurance industry, and review the U.S. hurricane experience for the first decade of the 21st century.