NU Online News Service, April 12, 2:53 p.m. EDT
Aon Benfield launched what it says is the first storm-surge model for Germany to help reinsurers and insurers quantify risk in an "underdeveloped line of coverage."
The reinsurance broker, and subsidiary of Chicago-based insurance broker Aon Corp., says that to date storm surge has generally not been included in German building policies due to carriers' inability to accurately assess the peril.
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