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Catastrophe Models Under Fire

"The true fallout will occur in 2006 when the industry will be forced to determine its next steps," said Chris Shea, national director for the property-casualty division of Ernst & Young Insurance and

By Staff Writer | Updated on February 01, 2006

For the property-casualty industry 2005 will be remembered as the year doubt was cast upon catastrophe models, according to a new report from Ernst & Young.

“The true fallout will occur in 2006 when the industry will be forced to determine its next steps,” said Chris Shea, national director for the property-casualty division of Ernst & Young Insurance and Actuarial Advisory Services.

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