A BEST’S REVIEW Interactive White Paper

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What the New Normal in Catastrophe Activity Means to Risk Managers, Brokers and Insureds

Earthquakes this year in New Zealand and Japan, floods in Australia and tornadoes in the United States have had a major impact on regional property insurance markets. But today’s catastrophe risks go well beyond the hurricanes and earthquakes that make headlines. Risk managers, brokers and insureds are making coverage decisions and reconfiguring insurance portfolios in recognition of the new normal in catastrophe activity, including aggregated risks and surprise events. This digest is based on a webinar held July 14, 2011.

Full video and a complete transcript of this event are available at http://www.bestreview.com/webinars/cats11/index.html. The event was sponsored by Lexington Insurance Company, a Chartis company.

Brian Finlay Senior Associate The Stimson Center

Expert with Washington, D.C., public policy think tank.

Sanjay Godhwani

Property Product Line Executive Chartis U.S. and Canada Region

Copyright © 2011 by A.M. Best Company, Inc. 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.

Roger Pielke Jr.

Professor of Environmental Studies University of Colorado Center for Science and Technology Policy Research.

Laurie Johnson Senior Science Advisor Lexington Insurance Company