EARTH: Risky Business: Modeling Catastrophes

The probability that a given natural hazard could become a natural disaster is higher today than at any previous point in history, largely because of population growth putting more people and infrastructure in harm's way. Who pays for the damage and how is value and risk assessed? Much of it comes down to insurance and reinsurance agencies, which are relying more and more on sophisticated catastrophe modeling tools to help gauge when the next disaster will strike, and how much it will cost.

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