NU Online News Service, Jan. 21, 3:02 p.m. EST
Modelers Risk Management Solutions (RMS), AIR Worldwide and EQECAT have responded to recent comments about their near-term models by Karen Clark, developer of the first hurricane model.
"Fundamentally, [Ms. Clark's] report reinforces a basic confusion that catastrophe models are designed to predict the number of hurricane landfalls over a five-year period," said RMS via e-mail. "In fact, they are designed to deliver probabilistic estimates of the annual average number of landfalls over a rolling period."
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