Catastrophe risk modeling company AIR Worldwide has released an updated wildfire risk model for the United States. The model gives a comprehensive view of the risk of wildfire to property within 13 western states, accounting for the variability of weather and its impact on fire behavior, the company said.
“AIR is committed to offering the most advanced tools for assessing potential insured losses from wildfire throughout the insurance and risk-transfer value chain,” said Dr. Jayanta Guin, executive vice president of AIR. “With the updates introduced in this model, AIR is building on our experience in modeling wildfires by introducing a fresh approach to estimating the hazard on both local and national levels, and accounting for the full range of vulnerabilities in residential, commercial and industrial lines of business.”
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