catastrophe modeling News
Building Smarter Cat Models: Why They Need an Upgrade
Not too long ago, a phone was just a phone. Along with a phone, you needed an alarm clock, a calculator, a CD player, a camera and many other electronic devices. Today, all of those capabilities and ...
Weather Analytics Company Understory Wins Patent for Proprietary Sensor Tech
Understory secured a patent for sensor technology used as part of its private network to collect real-time weather data on the ground in great detail. Alex Kubicek, CEO of the Wisconsin-based weather ...
Catastrophe Modeler Praedicat Raises $6M With Plan to Reach Beyond Insurance Clients
Praedicat said it has completed a $6 million, early stage financing. The Los Angeles-based casualty catastrophe modeling company plans to use the money to accelerate development of products that ...
ClimaCell, a Weather Prediction Tech Startup, Raises $15M Series A
ClimaCell, a Boston-based weather technology startup, has raised $15 million in Series A venture funding. The company provides high-definition weather forecasting tools to businesses and governments, ...
The Latest Launches From Karen Clark & Co. and AIR Worldwide
Karen Clark & Company released its new Severe Convective Storm Reference Model. AIR Worldwide Worldwide has introduced a new inland flood model for Japan, along with enhancements to its Japan ...
Lloyds, RMS Say After-the-Fact ‘What Ifs’ Can Help Insurers Prepare for Future Catastrophe Risks
What if history had a different outcome? Lloyd's of London and RMS say that exploring that idea for major catastrophe events (or near misses) of years past could actually help insurers better analyze ...
What Harvey and Irma Say About the Accuracy of Catastrophe Models
Four hours after Hurricane Andrew made landfall near Homestead, Fla. in 1992, catastrophe modeler AIR issued a statement that the insured losses could exceed $13 billion in Florida. Actual losses ...
Irma Is Now a Category 5 Storm Threatening Florida and the Caribbean
Florida declared a state of emergency before a possible hurricane strike after Irma strengthened to become a Category 5 storm on its approach to the Caribbean. Irma's maximum winds rose as high as ...