💨 Abstract

Verisk Analytics reported a better-than-expected Q4 profit, fueled by demand for its data analytics products used by insurers to assess risk. The company's catastrophe modeling and predictive analysis are in high demand due to the rise in extreme weather events. Verisk forecasted insured property losses from the Palisades and Eaton fires at $28-$35 billion, one of the highest loss estimates in the industry.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖