Catastrophe modeler AIR Worldwide says its hurricane model hasbeen certified by the Florida Commission on Hurricane LossProjection Methodology.
|The Commission certifies models for use by insurers fordeveloping Florida residential and commercial residential propertyrate filings. AIR has consistently met the rigorous standards ofthe FCHLPM since the Commission's inception of model reviews in1996.
|"We're pleased that the AIR model met all the standards setforth by the Florida Commission," said Brandie Andrews, seniormanager, consulting and client services, AIR Worldwide."Certification by the Commission gives AIR model users increasedconfidence in employing our models for all of their catastropherisk management activities."
|The latest release of the AIR Hurricane Model for the UnitedStates incorporates the 2011 update of NOAA's Atlantic basinhurricane database. This includes storms through 2010 andreanalysis data through 1930.
|The FCHLPM has also certified the hurricane models of Eqecat and RiskManagement Solutions for use in residential ratefilings.
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