Cat modeling firm AIR Worldwide’s recently announced that its Catastrophe Risk Engineering (CRE) solutions will now cover worldwide industrial and renewable energy facilities.
The changes are aimed at helping insurers, facultative reinsurers, brokers and risk managers assess the natural catastrophe risk to industrial facilities and wind and solar energy installations. AIR says its recent studies of renewable energy infrastructure reveal that the best approach to quantifying the catastrophe risk for such unique facilities is a site-specific engineering-based risk assessment.
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