AM Best warns of potential loss creep on Nanmadol
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AM Best warns of potential loss creep on Nanmadol

Liz Bury
26 September 2022
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AM Best has suggested that secondary perils such as hurricane-induced flooding, storm surges and landslides could lead to loss creep on Typhoon Nanmadol because they are less well modeled compared with primary perils.

It pointed to loss creep associated with 2018’s Typhoon Jebi as a possible blueprint. However, it added that losses would not be as significant as those for Jebi and some conditions leading to loss creep for that event were...

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