Verisk Climate and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) have announced a technology and consulting service designed to help insurers and businesses predict the likelihood, severity and financial exposure of U.S. electrical blackouts. These blackouts cause more than $100 billion in economic damages each year, according to the companies.
HSB says the Blackout Risk Model can be used to assess the risk of electrical blackouts from hurricanes, winter storms, severe thunderstorms, peak power demands and human error.
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