BOSTON, January 4, 2012 – According to catastrophe modeling firm AIR Worldwide, Windstorm Ulli is passing through Scandanavia and is expected to dissipate as it moves over the Baltic Sea today. A class 2 weather warning from the Swedish Meteorological and Hydrological Institute (SMHI) is still in force indicating the possibility of “danger to the public, causing major damage to property and major disruptions in essential services.” “Ulli was first recognized as a named low pressure system when it was located southwest of Newfoundland on December 31st making it the…
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AIR Worldwide Launches Inland Flood Model for Germany
BOSTON, Nov. 7, 2011 – Catastrophe risk modeling firm AIR Worldwide (AIR) released an inland flood model for Germany that offers a fully probabilistic approach for determining the likelihood of flood losses from all types of storms. The model provides insurers and reinsurers with a robust tool for managing inland flood risk – allowing companies to make informed underwriting decisions, to monitor and quantify aggregate concentrations of flood risk across their portfolios, and to assess the potential impact of less frequent but large loss events. “To meet the challenge of…
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