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AIR Chief on Cat Models: ‘What’s All The Fuss About?’

When it comes to revised hurricane models, AIR Worldwide CEO Ming Lee has one basic question, “What really is all this big fuss about?” Lee, whose Boston company launched the catastrophe modeling...

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Report: Recent Advances in Casualty Catastrophe Models Help Insurers

A new report says recent advances in casualty catastrophe modeling can help insurers to understand potential exposures to mass torts. The report, released this month, is titled “The Need for Casualty...

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Hiscox Names Dixon to Head Catastrophe Research; Adds 2 Reinsurance Trainees

London-based Hiscox has appointed Dr. Richard Dixon as its group head of Catastrophe Research. In addition, Hiscox expanded its London market reinsurance team with the recruitment of Jonathan Lord and...

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Report Shows Increasing Concentrations of Insured Property Values in U.S.

Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co....

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Keogh Resigns as Eqecat President; Little Named to Succeed Him

Bill Keogh has resigned as president of catastrophe risk modeling firm Eqecat, according to the company, and Paul Little has been named to succeed him.The company said Keogh resigned to pursue other...

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Commentary: Accounting for Non-Modeled Sources of Loss

The purpose of modeling is to anticipate the likelihood and severity of catastrophes so that companies can prepare for their financial impact — before they occur. The evidence suggests that, for the...

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Eqecat Agrees to Share Exposure Data Schemas With RMS

Catastrophe modeling firm Eqecat announced that it has finalized an agreement to share exposure data schemas with another major catastrophe-modeling firm, Risk Management Solutions (RMS). The agreement...

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Video Interviews – Coming to Your Screen – a Sneak Preview

Over the next several weeks we will be releasing a series of video interviews, recorded at the Reinsurance Rendez-vous in Monte Carlo. They are wide ranging, covering a number of topics. They will air...

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University of Maryland Project Aims to Improve Storm Predictions

Scientists at the University of Maryland Center for Environmental Science Horn Point Laboratory have a new project in the works that aims to better predict the intensity of storm surges on the...

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Commentary: Have We Learned the Right Lessons From Sandy?

One year ago, Hurricane Sandy slammed into the New York and New Jersey coasts. As a result, 43 people died, lower Manhattan was dark for days, and seven hospitals had to be evacuated.In New York and...

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CoreLogic Acquires Catastrophe Modeling Firm Eqecat

CoreLogic, an Irivine, Calif. company that provides the insurance, financial services and real estate industries with data and analytics, has acquired catastrophe modeling firm Eqecat from ABS Group....

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AIR Worldwide Appoints Guin Executive VP to Direct Research Program

Catastrophe modeling firm AIR Worldwide announced that Dr. Jayanta Guin has been appointed executive vice president. He “will continue to direct AIR’s innovative research program as well as assist with...

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Lloyd’s U.S. Chief on Board with Climate Change

Despite risking offense to non-believers, Hank Watkins didn’t hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd’s America, talked about an extensive report Lloyd’s...

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Powerful M6.9 Quake Strikes near Mexico-Guatemala Border: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time yesterday, July 7, a powerful M6.9 earthquake struck near the border of Mexico and Guatemala near the town of Puerto...

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Typhoon Neoguri to Skirt Okinawa; Nears Kyushu Landfall: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time today, Typhoon Neoguri—the strongest typhoon to date in 2014—is “roaring toward Japan with sustained winds of 180 km/hr...

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Aon Benfield Launches Arabian Earthquake Model

Impact Forecasting, Aon Benfield’s catastrophe model development unit, launched a catastrophe model to estimate the financial impact of earthquakes in the Arabian Peninsula. The demand for catastrophe...

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AIR’s ‘Global Exceedance Probability Curve’ Report Shows Industry Loss Metrics

Catastrophe modeling firm AIR Worldwide estimated that the 1 percent exceedance probability loss (or the 100-year return period loss) is approximately $231.5 billion and the long-term average annual...

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Characteristics of ‘Charlie Hebdo’ Attack Thwarted Counter-Terrorism Efforts:...

A number of unique characteristics of the January 7 terrorist attack against satirical French magazine “Charlie Hebdo” allowed terrorists to succeed despite counter-terrorism efforts, according to a...

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Guy Carpenter Appoints Eagle as Head of International Analytics

Guy Carpenter has appointed Matthew Eagle as managing director and head of international analytics. Eagle will be joining Guy Carpenter’s London office on August 1, following the end of his notice...

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Climate Change Modeling on Cusp of Paradigm Shift

In the face of growing interest in climate change impacts, several big catastrophe modelers said they’ve heard from more clients interested in receiving climate-related data and they believe the field...

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