AER's Fireline tool for underwriting wildfire risk is cited in the recent ISO blog "How to Manage Wildfire Risk Effectively" http://www.iso.com/blog/property/how-to-manage-wildfire-risk-effectively/
Joy Rohde, Director of Market Strategy at AER, presents "Solar Storms: Protecting Against the Sun's 'Dark Side'" at The MEARIE Conference 2012 in Minett, Ontario at 8:35am on Wednesday, June 27th. The MEARIE Group is the only Canadian insurance supplier dedicated to the electricity distribution sector.
AER has been closely working with Harvey Leonard, a meteorologist for WCVB TV 5 of Boston, reporting on AER’s seasonal forecasts. Today is Mr. Leonard’s 35th Anniversary of broadcasting with Channel 5. Recently Mr. Leonard has had multiple interviews with Dr. Judah Cohen on them. Later this May Mr. Leonard will be interviewing Dr. Cohen for this summers seasonal forecast. Continue to check our website on updates. Below are links to various articles done by Mr. Leonard.
With society's increasing reliance on the electrical grid, space weather events such as severe solar storms can wreak havoc on the electric power supply and trigger losses from business interruption and damaged physical assets. My recent conversation with Verisk Review covers the impact of space weather events, the financial consequences to insurers, and steps insurers can take to manage and evaluate their exposure. We discussed:
AER is proud to recognize its 3rd research paper that’s achieved top most downloaded article this year published in a peer-reviewed journal. Asymmetric seasonal temperature trends published in Geophysical Research Letters is the 2nd article published by Dr. Judah Cohen and Dr. Jason Furtado et al., that has been in the top downloaded articles this year.
Space weather events from the Sun are increasing in frequency as we head towards the solar maximum in 2013. Things won't slow down until 2-4 years past maximum, so expect these types of events to be frequent over the next several years. Satellite owners, operators, and insurers will be most affected, but other industries such as the airlines, high-precision GPS users, and the electric utilities...