Seems plausible to me. It would allow them to start contracting CAT adjusters as soon as a hurricane is expected, before other insurers start bidding for them.
Will this actually pay off for them? Who knows. But insurers are quite into ML for claims/underwriting these days, so I'd believe they're giving it a try.
Will this actually pay off for them? Who knows. But insurers are quite into ML for claims/underwriting these days, so I'd believe they're giving it a try.