Working with property insurance in the U.S., it’s sometimes easy to get a
narrow view of the world. This Insurance Journal article serves as a reminder to me, at least,
that there is a world beyond the U.S. national borders when it comes to
property insurance:
Newark, Calif.-based Risk Management Solutions has launched
“a fundamentally new platform for quantifying wind-related risk in 12
European countries,” said the announcement.“Meteorological modeling has been extended to include a comprehensive
suite of wind events enabling loss calculations both from large-scale
Extra-Tropical winter-storms, such as windstorms Anatol, Lothar and Martin
in 1999, as well as from smaller-scale summer thunderstorm events, such as
the Birmingham Tornado in 2005,” it continued. “The model has also been
extended to include Norway, Austria and Switzerland, allowing seamless
modeling from Ireland in the west across Scandinavia to Germany and
Switzerland in the southeast.”
They don’t normally get headlines here in the states, but while Europe has
traditionally been immune from hurricanes, the Atlantic non-tropical storms
they’re hit with periodically can still be pretty darned impressive.