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

03 October 2022

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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.

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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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Uncover exclusive insights tailored for insurance leaders

Topics

Rates a ‘non-factor’ in WTW risk and broking growth: Hess

Aspen shelves IPO amidst deteriorating market sentiment

Mapfre Q1 net profit jumps 70% to EUR215mn

WTW posts 5% Q1 organic growth with 8% in risk and broking

Former Aon COO Platt joins Cytora global advisory board

Ariel Re, Hiscox Re ILS launch cyber-cat group

Lockton promotes Schlesinger and Sandford in crisis team