Years ago (prior to modeling) I was asked by the Director of Property Loss Control at the company I was newly working at, to develop a PML for a Texas – Louisiana power company’s Transmission & Distribution Lines. My first attempt at this, using a Cat. 4 Hurricane, was rejected outright and I was told I had to use a Cat. 1 storm, no more than 100 miles wide (and that I had to work over the weekend and have it by Monday because of a quote deadline).
The broker had supplied “engineering” data showing that (on paper) the poles were designed to withstand 100 mph winds. I pretty much maxed out the policy limit with the 100 year storm anyway, indicating to my boss that while the poles possibly were reinforced, the trees along side the wires weren’t. lol
If this storm follows the Florida Turnpike up through the Brevard County area, and maintains cat 3-4 status, this will be a $200 billion storm!
“when, not if”
Years ago (prior to modeling) I was asked by the Director of Property Loss Control at the company I was newly working at, to develop a PML for a Texas – Louisiana power company’s Transmission & Distribution Lines. My first attempt at this, using a Cat. 4 Hurricane, was rejected outright and I was told I had to use a Cat. 1 storm, no more than 100 miles wide (and that I had to work over the weekend and have it by Monday because of a quote deadline).
The broker had supplied “engineering” data showing that (on paper) the poles were designed to withstand 100 mph winds. I pretty much maxed out the policy limit with the 100 year storm anyway, indicating to my boss that while the poles possibly were reinforced, the trees along side the wires weren’t. lol
Andrew hit south of Miami, not North of Miami.