As Hurricane Irma struck Florida this weekend with intense winds, commercial and residential property insurers were doing their best to prepare with the use of computer-generated catastrophe models.
“Compared with the events in 1992 surrounding Hurricane Andrew,” reports Werner Kruck, COO of Security First Managers, Florida’s second largest homeowner insurance carrier, “insurers are much better equipped to respond.” A key reason, he notes, is the widespread adoption of computer-based storm modeling.
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