Karen Clark, CEO of the eponymous modelling firm, has highlighted the disparity between most insurers' probable maximum loss (PML) models for a one-in-100-year event and the likely insured cost of a direct hit on a populated area.
Karen Clark, CEO of the eponymous modelling firm, has highlighted the disparity between most insurers' probable maximum loss (PML) models for a one-in-100-year event and the likely insured cost of a direct hit on a populated area.