AIR modelling for Florida
Homeowners rates that include a severe thunderstorm component based on sophisticated catastrophe modeling 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 severeOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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