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    What Is a Catastrophe Model?

    December 30, 2025 - By Our Team

    A catastrophe model is a sophisticated computer-based system that runs thousands, often millions, of plausible “what-if” disaster scenarios. By simulating hurricanes, earthquakes, wildfires, severe storms, and floods, these systems calculate the probable physical damage and financial losses for every property in a specific portfolio or region. These models combine historical…

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  • Auto Insurance - Glossary of Insurance Terms - Introduction to Insurance - Property Insurance

    What Is Actual Cash Value? A Guide for Consumers

    September 19, 2023 - By Our Team

    Imagine a sudden storm sends a tree branch crashing onto your car, or a kitchen fire damages your cabinets. In these stressful moments, you rely on your insurance. But how much will your policy actually pay you for the damage? The answer often depends on a term called “actual cash…

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