Category 6 storm

There is no such thing as a category 6 storm, at least what anyone has seen. What a category 6 storm is, is a storm that comes only once every 500 years. This is for insurance actuarial purposes, but in theory could happen. Insurance companies need to have reserves that could pay for 1 category 6 storm. Here I am talking about P&C or property and casualty insurance companies. These storms are hypothetical storms. However, to actuaries they are real, they are a mathematical calculation. It seems that storms are getting bigger and more dangerous, perhaps because of global warming. I have yet to see a real category 6 storm, the big one. One that could wipe out an entire state for example and I hope I do not. Category 5 storms come once every 3 years on average.

Tags: category 5 storm, category 6 storm