AIR models risks to rigs.AIR Worldwide Corp. has introduced a new probabilistic (probability) probabilistic - Relating to, or governed by, probability. The behaviour of a probabilistic system cannot be predicted exactly but the probability of certain behaviours is known. Such systems may be simulated using pseudorandom numbers. model to help insurers and reinsurers better manage hurricane risk to offshore platforms and rigs in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . AIR's U.S. Hurricane Model for Offshore Assets Oil and gas facilities, mining and industrial installations, ocean thermal energy conversion facilities, deep water ports, aids to navigation, and nuclear power plants located or in operation seaward of the coastline. utilizes a catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of simulated events that enables companies to assess potential losses from hurricanes impacting onshore and offshore properties in the U.S., the Gulf of Mexico and the Caribbean, the firm said. The program models the physical damage and estimated losses from wind, which damages the platforms' topsides, and wave forces, which cause damage primarily to the structure underneath the deck, AIR said. AIR's exposure database includes nearly 6,000 platforms and rigs located in federal waters in the Gulf of Mexico, as well as structures in state waters off of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. . Replacement costs--essential for accurate loss estimates--are included for each platform and rig. AIR said the replacement value of the entire fleet in the Gulf of Mexico is approximately $78 billion. The model's database contains 13 types of platforms and rigs. [ILLUSTRATION OMITTED] |
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