Domino effect would be needed to drive Ian losses to high end of range: Aon model expert

03 October 2022

Pembroke Pines, FL, USA. 28th Sep, 2022. A general view of the aftermath as Small aircraft are seen flipped up side down after a reported tornado touches down at North Perry Airport as Hurricane Ian approaches on September 28, 2022 in Pembroke Pines Flori

Hurricane Ian’s insured losses will only reach the top end of modeled loss ranges that are emerging if a “domino effect” of several adverse factors occur together, Aon’s global head of catastrophe management, Dan Dick, told this publication during the APCIA conference in Dallas.

“These [adverse factors] independently aren’t going to be able to drive it to the higher end,” he said, referring to the potential for complications such as flood losses being forced through as wind claims, or spikes in litigation or...

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Domino effect would be needed to drive Ian losses to high end of range: Aon model expert

Hurricane Ian’s insured losses will only reach the top end of modeled loss ranges that are emerging if a “domino effect” of several adverse factors occur together, Aon’s global head of catastrophe management, Dan Dick, told this publication during the APCIA conference in Dallas.

Fuel a smarter strategy with our actionable market intelligence

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Domino effect would be needed to drive Ian losses to high end of range: Aon model expert

Hurricane Ian’s insured losses will only reach the top end of modeled loss ranges that are emerging if a “domino effect” of several adverse factors occur together, Aon’s global head of catastrophe management, Dan Dick, told this publication during the APCIA conference in Dallas.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Allstate posts March cat loss of $1.04bn net of reinsurance recoveries

Q1 insured cat losses of $53bn driven by CA wildfires: Aon

USAA in market to upsize property cat programme by almost $1bn at 1.7

Aon's Sykes appointed Guernsey Finance chairman

PCS lifts Palisades and Eaton wildfires loss estimate by 5.3% to $35.7bn