NAIC Finally Adopts Catastrophe Risk Charge in P&C Risk-Based Capital

Submitted by Cynthia Braman on Wed, 05/17/2017 - 2:08pm

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By Marwan Zabaneh

Newsboy using magaphone to make an announcementAt its April 7, 2017, meeting in Denver Colorado, the NAIC’s Catastrophe Risk Subgroup, after more than a decade of deliberation, finally adopted the hurricane and earthquake catastrophe risk charges in the P&C RBC formula for year-end 2017.

As a result, several structural changes will be made to the 2017 RBC Report to implement this change.

Marwan Zabaneh will be covering these and all other adopted changes during his Update on 2017 P&C Risk-Based Capital Changes webinar that he will deliver later this year.

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