Probable maximum loss (PML) figures for insurers' exposure to a one-in-100-year event may underestimate the likely insured cost of a direct hit on a populated area, according to Karen Clark, CEO of the eponymous modelling firm.
Probable maximum loss (PML) figures for insurers' exposure to a one-in-100-year event may underestimate the likely insured cost of a direct hit on a populated area, according to Karen Clark, CEO of the eponymous modelling firm.