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<br /> Brought to you by:<br /> BEST'S REVIEW<br /> Catastrophic Risk Update 2013:<br /> Global Weather Events<br /> Opinions and statements expressed by<br /> participants are their own and do not<br /> represent the opinion or positions of the<br /> A.M. Best Company.<br /> Copyright © 2013 by A.M. Best Company, Inc.<br /> All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted in any form or by any means; electronic, mechanical, photocopying, recording or otherwise.<br /> Table of Contents<br /> Intro<br /> Storm Trends<br /> Categorizing Superstorm Sandy<br /> Commercial Impact<br /> Tornadoes<br /> Tornado Impact<br /> Flood and Drought<br /> Flood and Drought Impact<br /> Extreme Weather<br /> Business Interruption<br /> Underwriting Challenges<br /> Catastrophe Models<br /> Changing Models<br /> Model Limitations<br /> Overcoming Limitations<br /> Capacity<br /> Competition<br /> Alternative Capital<<a title="Catastrophic Risk Update 2013 - Lexington page 1" href="http://viewer.zmags.com/publication/39f47262?page=1"> Brought to you by: BEST'S REVIEW Catas</a> <a title="Catastrophic Risk Update 2013 - Lexington page 2" href="http://viewer.zmags.com/publication/39f47262?page=2"> Table of Contents Intro Storm Trends Categorizing</a> <a title="Catastrophic Risk Update 2013 - Lexington page 3" href="http://viewer.zmags.com/publication/39f47262?page=3"> BEST'S REVIEW Interactive Webinar Highlights Cata</a> <a title="Catastrophic Risk Update 2013 - Lexington page 4" href="http://viewer.zmags.com/publication/39f47262?page=4"> Putting Storms in Context When put into historica</a> <a title="Catastrophic Risk Update 2013 - Lexington page 5" href="http://viewer.zmags.com/publication/39f47262?page=5"> Was It or Wasn’t It a Hurricane? Politicians decl</a> <a title="Catastrophic Risk Update 2013 - Lexington page 6" href="http://viewer.zmags.com/publication/39f47262?page=6"> Sandy’s Commercial Losses The commercial lines mo</a> <a title="Catastrophic Risk Update 2013 - Lexington page 7" href="http://viewer.zmags.com/publication/39f47262?page=7"> Tornado Trends While 2011 was one of the worst ye</a> <a title="Catastrophic Risk Update 2013 - Lexington page 8" href="http://viewer.zmags.com/publication/39f47262?page=8"> The Cost of Tornadoes Even if the frequency and s</a> <a title="Catastrophic Risk Update 2013 - Lexington page 9" href="http://viewer.zmags.com/publication/39f47262?page=9"> Flood and Drought Trends Though the prevalence of</a> <a title="Catastrophic Risk Update 2013 - Lexington page 10" href="http://viewer.zmags.com/publication/39f47262?page=10"> Insurance Implications of Flood and Drought Flood</a> <a title="Catastrophic Risk Update 2013 - Lexington page 11" href="http://viewer.zmags.com/publication/39f47262?page=11"> Extreme Weather Trends We are experiencing more e</a> <a title="Catastrophic Risk Update 2013 - Lexington page 12" href="http://viewer.zmags.com/publication/39f47262?page=12"> Interrupting Business and the Supply Chain The in</a> <a title="Catastrophic Risk Update 2013 - Lexington page 13" href="http://viewer.zmags.com/publication/39f47262?page=13"> Finding the Right Risks, Rates and Relationships </a> <a title="Catastrophic Risk Update 2013 - Lexington page 14" href="http://viewer.zmags.com/publication/39f47262?page=14"> Impact of Changing Catastrophe Models Adjustments</a> <a title="Catastrophic Risk Update 2013 - Lexington page 15" href="http://viewer.zmags.com/publication/39f47262?page=15"> Why Catastrophe Models Change Among the reasons t</a> <a title="Catastrophic Risk Update 2013 - Lexington page 16" href="http://viewer.zmags.com/publication/39f47262?page=16"> Limitations of Catastrophe Models People who deve</a> <a title="Catastrophic Risk Update 2013 - Lexington page 17" href="http://viewer.zmags.com/publication/39f47262?page=17"> Overcoming Modeling Limitations To counteract the</a> <a title="Catastrophic Risk Update 2013 - Lexington page 18" href="http://viewer.zmags.com/publication/39f47262?page=18"> Hollow Capacity Not all capacity is created equal</a> <a title="Catastrophic Risk Update 2013 - Lexington page 19" href="http://viewer.zmags.com/publication/39f47262?page=19"> Stable Competition Pricing for catastrophe-prone </a> <a title="Catastrophic Risk Update 2013 - Lexington page 20" href="http://viewer.zmags.com/publication/39f47262?page=20"> The Role of Capital Markets The capital markets a</a> <a title="Catastrophic Risk Update 2013 - Lexington page 21" href="http://viewer.zmags.com/publication/39f47262?page=21"> Practical Lessons from Sandy Commercial insurers </a> <a title="Catastrophic Risk Update 2013 - Lexington page 22" href="http://viewer.zmags.com/publication/39f47262?page=22"> Modeling Tornadoes and Hailstorms The modeling of</a> <a title="Catastrophic Risk Update 2013 - Lexington page 23" href="http://viewer.zmags.com/publication/39f47262?page=23"> Getting Better All the Time The people who develo</a> <a title="Catastrophic Risk Update 2013 - Lexington page 24" href="http://viewer.zmags.com/publication/39f47262?page=24"> The Proprietary Advantage Insurers that invest in</a> <a title="Catastrophic Risk Update 2013 - Lexington page 25" href="http://viewer.zmags.com/publication/39f47262?page=25"> Responding to Climate Change The difficulty detec</a> <a title="Catastrophic Risk Update 2013 - Lexington page 26" href="http://viewer.zmags.com/publication/39f47262?page=26"> Putting Catastrophes in Perspective To consider t</a> <a title="Catastrophic Risk Update 2013 - Lexington page 27" href="http://viewer.zmags.com/publication/39f47262?page=27"> Social Media Alerts Companies can use all forms o</a> <a title="Catastrophic Risk Update 2013 - Lexington page 28" href="http://viewer.zmags.com/publication/39f47262?page=28"> Models Are Getting Better All the Time While ther</a> <a title="Catastrophic Risk Update 2013 - Lexington page 29" href="http://viewer.zmags.com/publication/39f47262?page=29"> Planning for Peril Even in a relatively calm year</a>