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New Storm Index Refines Hurricane Picture

The Hurricane Damage Potential Index will allow insurers predict hurricane damage more realistically and effectively in the future as hurricanes approach landfall, said Dr. Steve Smith of the ReAdviso

By Steven Tuckey | Updated on April 05, 2006

A reinsurance brokerage unveiled a new classification system today that it claims gives a more accurate assessment of a hurricane’s potential to cause damage than existing measures.

The Hurricane Damage Potential Index will allow insurers predict hurricane damage more realistically and effectively in the future as hurricanes approach landfall, said Dr. Steve Smith of the ReAdvisory unit of London-based Carvill reinsurance intermediaries.

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