AIR Worldwide Updates its U.S. Earthquake Model to Reflect Significant Advances in Science and Engineering
Catastrophe risk modeling firm AIR Worldwide Corporation (AIR) announced the availability of an update to its probabilistic earthquake risk model for the United States. The model is used by insurers, reinsurers, corporations and government agencies to assess and manage earthquake risk in the U.S.
AIR Press Release
Labels: Earthquake
posted by HAZUS.org at
9:53 AM
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EQECAT Hurricane Model Recertified by Florida Commission on Hurricane Loss Projection Methodology
une 24, 2009
Oakland, California
EQECAT, Inc., the authority on extreme-risk modeling, announced that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has recertified EQECAT’s hurricane model for projecting hurricane loss costs and probable maximum loss levels for personal residential rate filings in Florida.
The EQECAT model is based upon generally accepted science, engineering expertise, claims data and advanced mathematics.
The EQECAT North Atlantic Hurricane model, a probabilistic model designed to estimate potential damage and insured losses due to hurricanes in the mainland United States, the islands of the Caribbean, the Bahamas and Bermuda met all the requirements established by the FCHLPM.
The model was first released commercially in late 1995 and is used by primary insurers and reinsurers, as well as financial institutions and intermediaries for portfolio management, pricing and risk transfer planning.
"We are pleased with FCHLPM’s decision to recertify EQECAT's model," said Bill Keogh, senior vice president of EQECAT. "EQECAT’s modeled risk perspective enhances our clients' abilities to make prudent long-term risk decisions. The FCHLPM certification provides added confidence that our model provides accurate and reliable loss projections."
http://www.eqecat.com/news/2009/HurricaneModel062409.html
For additional information about EQECAT’s products and services, please visit www.eqecat.com.
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