search query: @author Stipp, D. / total: 7
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| Author: | Stipp, D. |
| Title: | A new way to bet on disasters |
| Journal: | Fortune
1997 : SEP 8, VOL. 136:5, p. 50-57 |
| Index terms: | ECONOMICS COMPUTER INDUSTRY FORECASTING |
| Language: | eng |
| Abstract: | Insurers have begun to stake billions of dollars on computer forecasts of disaster losses. But what if Mother Nature knows something the computers don't? Did the gods have it in for the insurance industry? Insurance executives trembled when Hurricane Andrew, the costliest disaster in American history, blasted Florida south of Miami on August 24, 1992. Resembling a 20-mile-wide tornado and unleashing the power of three Hiroshima-sized atomic bombs a minute, the storm took mercifully few lives. |
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