AIR modelling used for Florida rating

Homeowners' rates that include a severe thunderstorm component based on catastrophe modelling by risk modelling company AIR have been included as part of a rating plan subject to approval by state regulators.Florida Farm Bureau's 2003 homeowners rate filing included an actuarial approach, which develops a distinct base rate for both hurricane and severe thunderstorm perils using AIR's hurricane and severe thunderstorm models.The models were also used extensively in the redefinition of territ