AIR announces new hurricane modeling

Warm summer breezes remind us in the insurance world that conditions ripen for tropical storms and hurricanes.  Hurricanes damage so much property over such large areas that forecasting the damage for all the landfall possibilities is important.  Having accurate tools for estimating costs that the industry can expect during hurricane season can make or break an insurance company.  Good data and accurate modeling are critical.

AIR Worldwide is one of the top modeling companies in the world, and they just announced the next generation model.  These are enormously complex models that take into consideration wind estimates, construction types (e.g. frame vs. masonry or steel), new building codes in vulnerable areas and other variables.  For more, visit AIR’s recent press release on the issue. http://www.air-worldwide.com/NewsAndEventsItem.aspx?id=19474

For more on home and property insurance for your home or business, visit www.agordon.com.

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Active Storm Season Anticipated

Having looked at meteorological data, experts agree that 2010’s hurricane season will be a violent one, possibly rivaling the devastating 2005 season, infamous for Hurricane Katrina and 27 other named storms. In its latest tropical storm update, private weather forecaster WSI called for 19 named storms, down from 20 in its June forecast, but maintained its outlook for 11 hurricanes and 5 intense hurricanes of category 3 or higher.

“Record warm tropical Atlantic Ocean temperatures and an enabling wind shear environment should result in a very active tropical season this year,” said Dr. Todd Crawford, WSI’s chief meteorologist. A slow start to the hurricane season led to the downward revision in named storms. A pocket of dry air in the Atlantic is likely to limit development in the near term, WSI said, while August to October is expected to be a very active period.

With the forecasts as they are, attention to the possibility of wind and storm damage is a must for the upcoming hurricane season on the South Shore. Look to A. G. Gordon Insurance & Risk Management to provide you with the peace of mind you deserve.