[Legend2440]

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.

[KRAKRISMOTT]

Wdym by 'bid for them'? Won't the MGA want to get rid of their contracts in an area that's about to be hit by a hurricane ASAP?

[Legend2440]

You need a large workforce of adjusters to handle big events like a hurricane, but you don’t need them all the time. So catastrophe adjusters are often independent contractors.

Pay is good but hours are long, and you are often deployed far away from home.

[piperswe]

They want to pay adjusters and contractors the least amount possible - that's what they're bidding on

[olq]

More like booking them for the availability and likely a fixed non-hurricane-panic price.