New York--New catastrophe models may push catastrophe insurance rates up as much as 30 percent, according to an insurance company expert.
The observation came during Swiss Re's annual year-end "Economic and Insurance Industry Review of 2005 and Outlook for 2006" forum held here today.
However, Swiss Re management cautioned it is still too early to know for certain how much rates will eventually rise as a result of this past season's hurricanes.
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