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Article: Latest Research by AIR Worldwide Scientists Shows Application of Statistics Based Solely on Atlantic Hurricane Activity Can Lead to Overestimation of Risk.
- Article from:
- Business Wire
- Article date:
- January 7, 2008
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BOSTON -- AIR Worldwide Corporation (AIR) today announced results of the latest research by its team of scientists into the link between the formation of hurricanes in the Atlantic basin and U.S. landfall activity. The latest findings provide a context for better understanding the 2004-2007 hurricane seasons and demonstrate that using Atlantic basin activity as a proxy for landfall activity can lead to erroneous estimates of both landfall risk and potential insured losses.
"By only focusing on the 2004 and 2005 seasons, it is easy to forget that every hurricane season is unique and actual landfall activity is a function of complex interactions between a range of ...