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Industry: Email Alert RSS FeedAIR updates hurricane CAT model
Risk & Insurance, March, 2005
AIR Worldwide Corp. has incorporated Florida's recently mandated annual hurricane deductible into its catastrophe modeling system, AIR has announced. The new data means that AIR can analyze the impact of the deductible changes on insurer portfolios. ISO's Property Claim Services unit estimated that Florida incurred almost $18 billion of the $22 billion total insured losses.
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