Claims News Service, May 10, 11:41 a.m. EDT -- AIR Worldwide Corporation (AIR), a risk-modeling and technology firm specializing in risks associated with natural and man-made catastrophes, recently issued a white paper entitled "Understanding Climatological Influences on Hurricane Activity: The AIR Near-Term Catalog," which cautions against an over-reliance on its near-term catalog for determining hurricane risk.
The white paper reviews the current state of research on climatological impacts on hurricane activity and explains the approach used to create AIR's near-term sensitivity catalog, which quantifies the influence of sea surface temperature forecasts on insured losses for the next five years.
"Our analyses confirmed the correlation between elevated sea-surface temperatures and overall hurricane activity in the Atlantic basin," said Karen Clark, president and CEO of AIR. "However, there is considerable uncertainty in the expected magnitude and time horizon of potentially elevated risk along the coastline and, most importantly, the impact on regional insured losses.
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