Karen Clark & Company (KCC) was highly commended in this category for developing hurricane, flood and wildfire models that reflect current climate conditions and project changes in each peril through to 2050.

In quantifying the impacts of climate change on natural catastrophes, KCC thereby plays an important role in educating and informing the insurance industry and regulators.

Since 2019, for example, KCC scientists and insurance experts have worked closely with national and state regulators to raise awareness on the impacts of observed climate change to date, as well as advanced techniques to project future risk under different climate scenarios and over various time periods.

KCC has actively supported the National Association of Insurance Commissioners and its Climate and Resiliency Task Force since 2022 in evaluating the potential solvency impacts of climate change on property and casualty insurers.

Overall, the judges like the fact that KCC works closely with clients and regulators to ensure that rate filings with KCC models are smooth and well understood by all parties.