AIR Worldwide Corporation (AIR), a vendor of catastrophe modeling and weather risk management, yesterday announced the release of the AIR Terrorism Loss Estimation Model. The new catastrophe model, the first commercially available probabilistic model of its kind, can estimate the financial impact of insured property and workers' compensation losses from potential future terrorist attacks in the United States.
"Exposure to terrorism is a significant risk and the lack of comprehensive and affordable terrorism coverage is hurting U.S. businesses," said Karen Clark, president and CEO of AIR Worl...
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