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Moody’s RMS version 23 brings substantial updates to existing models, addressing core perils and climate change views while introducing enhancements in geocoding, model flexibility, data framework and security. This article explores the potential impact to commercial insureds in Gulf states and the Southeast.
In our 2024 Property Outlook, we noted the property market was showing signs of softening and a slowdown in the pace of rate increases for most insureds was to be expected. As we move further into Q1, that prediction is ringing true. Here's why.