Terror, cat risks prompt AIR to model property exposures.Boston-based AIR Worldwide Corp. said it has launched a new consulting service Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" that will analyze the potential risk of terrorism, earthquakes and high winds against individual high value or strategically significant properties. Called Catastrophic Risk Engineering, the new service can evaluate and potentially lower the cost of property and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. insurance by identifying loss mitigation measures, AIR representatives said. It can be used to perform cost/benefit analyses of proposed retrofit measures, access potential business interruption losses and evaluate the safety qualities of structures, including high-rise office buildings, retail complexes, sports arenas, power plants, manufacturing facilities and government buildings. AIR unveiled the service at the Risk and Insurance Management Society Risk and Insurance Management Society, Inc. (RIMS), founded in 1950, is a membership-based industry trade group, representing nearly 4,000 industrial, service, nonprofit, charitable, and governmental entities and serves more than 10,000 risk management professionals around the Inc.'s annual conference in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . |
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