Property insurance underwriters play a critical role in the insurance industry by assessing and managing the risks associated with insuring properties against various perils, including fire. To provide property owners with appropriate coverage and premiums, underwriters employ a thorough process that analyzes numerous factors contributing to fire risk. In this article, we’ll delve into the complex task of how underwriters assess fire risk for properties. Location Analysis The location of a property is a fundamental factor in determining its fire risk. Underwriters examine the geographic area in which the property…
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Arthur Is Now the First Atlantic Hurricane of 2014: AIR Worldwide
BOSTON, July 3, 2014 – According to catastrophe modeling firm AIR Worldwide, Arthur officially became a hurricane at about 5 a.m. EDT today… when maximum sustained winds of 75 mph and central pressure of 985 mb were reported by Hurricane Hunter aircraft and NOAA Doppler radar. At that time the storm was located some 190 miles (305 km) southwest of Cape Fear, North Carolina, but the track of the storm has since begun to shift a little to the northeast and its forward speed has increased slightly. According to the…
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