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Catastrophe modeling

Catastrophe modeling (also known as cat modeling) is the process of using computer-assisted calculations to estimate the losses that could be sustained by a portfolio of properties due to a catastrophic event such as a hurricane or earthquake.

Note:   The above text is excerpted from the Wikipedia article "Catastrophe modeling", which has been released under the GNU Free Documentation License.
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September 3, 2015

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updated 12:56 pm ET