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Rebecca Gitig: How the Industry Needs to Adjust its Approach to Catastrophic Events
Rebecca Gitig, Aspen U.S. Head of Primary Liability, spoke with Insurance Business TV recently about the growing challenge of casualty catastrophe losses, particularly the rise of mass torts. What were once considered “once-in-a-decade,” mass tort events are now occurring almost annually. Rebecca emphasized that casualty risks—such as PFAS, glyphosate and other emerging liabilities—must be modeled, analyzed and priced differently, much like how Property lines adapted to catastrophe modeling in the…
