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CATMAP provided a catastrophe loss analysis system for treaty insurers and reinsurers in particular. [3] In late August 1992, AIR published results from its U.S. Hurricane Model that estimated insured losses for Hurricane Andrew's landfall in southern Florida could come to surpass $13 billion. The estimate, which was met with skepticism at the ...
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Some state departments of insurance allow insurers to use cat modeling in their rate filings to help determine how much premium their policyholders are charged in catastrophe-prone areas. Insurance rating agencies such as A. M. Best and Standard & Poor's use cat modeling to assess the financial strength of insurers that take on catastrophe risk.
A year loss table (YLT) is a table that lists historical or simulated years, with financial losses for each year. [1] [2] [3] YLTs are widely used in catastrophe modeling as a way to record and communicate historical or simulated losses from catastrophes.
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TCAM (Transport Chemical Aerosol Model; TCAM): a mathematical modelling method (computer simulation) designed to model certain aspects of the Earth's atmosphere. TCAM is one of several chemical transport models, all of which are concerned with the movement of chemicals in the atmosphere, and are thus used in the study of air pollution.
Fearsome winds forced crews to ground firefighting aircraft in the battle against the Palisades fire on Tuesday night, making it even more challenging for firefighters to get a handle on the fast ...
Coburn has studied many natural and man-made catastrophe events, including earthquakes, volcanic eruptions, tsunamis, terrorist attacks and disease pandemics. He is one of the leading contributors to the creation of the class of catastrophe models that over the past 20 years has come to be an accepted part both of business management in ...