Four steps you must take now to avoid 'big wind' in 2006

The 2004 and 2005 hurricane seasons have radically altered notions on how catastrophic risk transfer should be viewed. Given this elevated storm frequency and severity trend, which some climate experts expect to last decades, rating agencies have re-evaluated their analyses of catastrophe exposure and their conception of capital adequacy.Three major rating agencies re-evaluated the way they treat natural-catastrophe risk in their capital adequacy models. For example: AM Best has reworked its