Property damaged by wind and inland flooding, says KCC
60-70% of total insured loss comes from residential claims
Category 1 hurricane hit Florida on Friday
Storm surge may be a bigger concern, says Karen Clark
Apart from highlighting the problem of "model miss", the tragic Japan earthquake and tsunami have also revived the debate over whether the limitations of cat models have been made plain enough, especially in the way they affect the process of estimating insured losses
Questions are again being asked about the performance of cat models after the series of disasters culminating in the tragic earthquake in Japan in March revealed shortcomings in key areas. How will the modelling community respond in the aftermath of Tohoku? Modellers and others give their views
Karen Clark issues new report on model performance