Service provider
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Market participants have until 13 October to provide any comments. -
The firm has also updated the loss-calculation engines of existing Jeannie tools.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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Both organisations still predict an above-average hurricane season.
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The forecast has increased since the early July update due to several additional factors.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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The weather-modelling agency is predicting a below-normal season.
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Michael Hamer recognised for his work with investors and on reporting frameworks.
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Harry White has been with Verisk for 14 years, while Ted Gregory has been with PCS for 12.
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The number has expanded by around 40% from an earlier update, sources said.
