The paper presents a methodology to predict hurricane insurance losses for the State of Florida on an annualized basis and for predefined scenarios. Although several loss prediction commercial products exist in the market, this is one of the first public models entirely accessible for scrutiny to the scientific community. The model incorporates the latest state of the art techniques in hurricane prediction, and vulnerability modeling based on engineering criteria. Although the model was developed for Florida, it is applicable to any hurricane prone region. The methodology can also be extended to other types of hazards.
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