Abstract
The ISO excess wind procedure is widely used by many companies. However, it has one major flaw. It depends on the loss history in the state to provide a true representation of the future expected wind experience. The procedure presented here removes this flaw. Modeling is used to augment history to yield more accurate wind expectations. The procedure has the added side benefit of providing a means to reflect different wind loadings by territory.
Volume
Spring
Page
45-54
Year
1992
Categories
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Territory Analysis
Actuarial Applications and Methodologies
Ratemaking
Large Loss and Extreme Event Loading
Business Areas
Homeowners
Publications
Casualty Actuarial Society E-Forum
