MIT and Princeton University researchers say that major storms will become more frequent because of climate change

A new report from the Massachusetts Institute of Technology (MIT) and Princeton University claims that so called “100-year Storms” could happen as frequently as every 3 to 20 years. 100-year storms are natural disasters of massive strength that leave a great deal of destruction in their wake. Risk modeling firms were the first to popularize these terms to express the potential risks that insurance organizations had to prepare to mitigate. Insurers use the risk assessments provided by modeling firms to price coverage, but this new report could change everything. Researchers…

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Eqecat to introduce three new catastrophe models

Eqecat, creator of catastrophe risk models, has announced that it will be unveiling its latest three revisions to the Worldcatenterprise 3.16 platform on July 15, 2011.  The updates will be made to the Asia typhoon model, the Canada earthquake model, and the North Atlantic hurricane model.  These are only the latest in a number of important revisions that have been made by Eqecat in the cat modeling industry in order to provide insurers with models that will help them to accurately calculate the risk of covering a certain region.  They…

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