Just as the Sept. 11, 2001 terrorist attacks against the World Trade Center and the Pentagon was a wakeup call for insurers about the need to plan for the relatively new exposures posed by man-made catastrophes, the record 2005 natural disaster losses reminded these same carriers that not only have the old risks not disappeared, but they can still pack a wallop.

In response, experts in catastrophe modeling say the technology underwriters use to prepare for the worst is constantly evolving–thanks to new scientific developments and also new experiences to feed the models. The more data, the better.

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