AIR Models Risks to Rigs

September 2008
Best's Review;Sep2008, Vol. 109 Issue 5, p28
Trade Publication
The article highlights the U.S. Hurricane Model for Offshore Assets, a probabilistic model introduced by AIR Worldwide Corp. The author stated that the model aims to help insurers and reinsurers to better manage hurricane risk to offshore platforms and rigs in the Gulf of Mexico. In addition, the program models utilizes a catalog of simulated events that enables companies to assess potential losses from hurricanes impacting onshore and offshore properties.


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