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Study finds weak link between ENSO and annual property losses
According to KCC, long term El Niño conditions offer limited help in predicting yearly property losses.
Artemis reports that KCC found the long term correlation between El Niño, part of the ENSO cycle, and annual property losses has little predictive power.
The outlet says KCC’s assessment suggests the ENSO relationship is not a reliable basis for forecasting year to year property loss outcomes.