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Evaluation

RPM Seminar

Special Topics

Level 1: No prior knowledge of the subject (0-3 Years)

C:PC:L3

C:MM:L1

C:MM:L2

C:MM:L3

C:RM:L1

ST-5 - Catastrophe Model Lessons Learned from Hurricane Katrina

Tuesday, March 19, 2024
2:45 PM – 3:45 PM CST
CE: 1.2
This session will focus on modeling lessons learned from Hurricane Katrina, which had implications both for Wind and Flood (including storm surge) models going forward. This discussion will include both a science view, and the financial and actuarial implications as of result of Katrina and accompanying changes in catastrophe models.

Learning Objectives:

  • Identify the key aspects of hurricane models that were tested by Hurricane Katrina.
  • Understand how flooding (inland and storm surge) impacted modeling and an increase in flood mitigation standards.
  • Translate catastrophe model changes into financial/actuarial metrics.