FIU to lead insurance industry in solving the wind vs. flood issue

Tuesday, March 11th, 2014

Wind and water can have a devastating impact on property. Yet, as Hurricane Sandy made it clear in 2012, separate insurance systems for wind and flood damage make the task of sorting out the damage caused by a storm a highly cumbersome process.  A team of highly-qualified experts in meteorology, engineering, coastal science and hydrology, computer science, statistics, actuarial sciences, insurance and finance have embarked on the first public effort to bring wind, storm surge, and rain flooding into one hurricane loss forecast model.

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