Publicly Funded Catastrophe Model Proposed...

The National Association of Insurance Commissioners (NAIC) is ramping up plans to create a publicly funded catastrophe model by launching a $200,000 feasibility study focusing on a multi-peril model for natural catastrophe risks.

The NAIC study will initially focus on expanding the use of the Florida Public Hurricane Model, which was developed by state regulators in 2005 as a way to keep a check on rate filings. The plan is to start with Florida’s model and then build on that. READ MORE

OPINION: HAZUS.org wonders what could be accomplished if a true public/private partnership were to be developed to apply and adapt the capabilities of HAZUS-MH for this mission.