| Catastrophic loss events in the late 20th century pointed out a grave problem for the insurance industry: there had been massive miscalculations of homeowners' property values. The issue was spotlighted again in this decade when catastrophes slammed the U.S. These events illustrated the critical importance of correct property valuation. Insuring to Value analyzes the need for correct valuation while presenting methods for state-of-the art methodologies. It takes on additional importance as states--beginning with California--are beginning to enact regulations requiring training of all P&C agents and appraisers in correct insurance to value techniques. It also should be a valuable tool for insurance companies that want, and need, to improve their valuation techniques. |