AIR Worldwide (AIR) has announced the certification of its latest U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology, which certifies models for use by insurers for developing Florida residential and commercial residential property rate filings.
"Certification by the Commission gives AIR model users increased confidence in employing our models for all of their catastrophe risk management activities," said Brandie Andrews, senior manager, consulting and client services, AIR Worldwide.
The latest release of the AIR Hurricane Model for the United States incorporates the 2011 update of NOAA's Atlantic basin hurricane database. This includes storms through 2010 and reanalysis data through 1930.
According to AIR, its U.S. Hurricane Model is available in Version 15.0 of CLASIC/2, which the Commission also certified, as well as in the CATRADER, CATStation and Touchstone catastrophe risk management systems.
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