Claims News Service, Apr. 29, 1:18 p.m. EST — Insurers regularly rely on the National Hurricane Center’s (NHC) five-day forecasts to anticipate storms and develop recovery plans. In a move to expand this five-day range, WSI Corporation, a provider of weather-driven business solutions, and Guy Carpenter & Company, LLC, a global risk and reinsurance specialist, have developed WSI LiveCat Forecast(TM).

LiveCat employs meteorological models to accurately calculate twice a day the direction, intensity and duration of a named tropical storm or hurricane, along with the U.S. landfall probability as far as 10 days out. The enhanced foresight and precision should enable insurers to manage exposures more effectively.

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