Abstract: Insurers use catastrophe risk models to estimate loss exceedance probabilities for a range of different hazard events. The 2003 wildfires in Southern California caused over $2 billion in insured losses and increased insurer’s ...

Abstract: In catastrophe risk and probabilistic hazard evaluations, one overarching issue is how to account for uncertainties. One influential school of thought employs a sharp distinction between aleatory (pertaining to randomness) ...

Abstract: Extreme weather events produce some of the most deadly and costly natural disasters and are a major concern of the catastrophe reinsurance industry. For example, in 1992 Hurricane Andrew caused over $20 billion (in 2002 ...

Abstract: The National Oceanic and Atmospheric Administration (NOAA), the Risk Prediction Initiative, and the Weather Risk Management Association jointly sponsored a workshop that examined a variety of issues related to climate ...

Abstract: New objective methods are introduced that use readily available data to estimate various aspects of the two-dimensional surface wind field structure in hurricanes. The methods correlate a variety of wind field metrics to ...