NU Online News Service, April 30, 2:55 p.m. EDT
BOSTON--Risk managers, insurers, reinsurers and brokers will have help assessing catastrophe risk to industrial facilities with new studies and model enhancements, AIR Worldwide (AIR) announced here this week.
The approach is applicable for estimating property and business interruption losses to industrial facilities due to hurricanes, earthquakes and other natural catastrophes, AIR said.
AIR explained that larger, more complex industrial sites comprise various components that may behave very differently from one another when subject to the same hurricane wind speed or level of earthquake-induced ground shaking.
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