NU Online News Service, Jan. 20, 12:52 p.m. EST
Catastrophe modeling firms' hurricane damage predictions overestimated insured losses for a second year, according to a catastrophe prediction consulting firm.
Karen Clark & Company in a report said models designed to project U.S. Atlantic hurricane insured losses for the five-year period ending in 2010 "have significantly overestimated losses for the cumulative 2006 through 2009 seasons."
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