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AIR updates earthquake risks model for Canada

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Catastrophe risk modeling firm AIR Worldwide released an updated model for earthquakes in Canada on Monday.

Boston-based AIR said in a statement that the updated hazard component of the AIR Earthquake Model for Canada features a comprehensively updated seismicity model using the latest historical earthquake catalog from the Geological Survey of Canada. The model also more accurately accounts for the impact of surface soils on ground shaking for several metropolitan areas, including Ottawa, Montreal, Victoria and Vancouver, the company said.

“The updated Earthquake Model for Canada has been extensively reengineered and offers significant enhancements,” Dr. Jayanta Guin, executive vice president, research and modeling, AIR Worldwide said in the statement. “In addition to the ability to estimate losses from shake, fire following, and liquefaction, the release is the first in the industry to include fully probabilistic landslide and tsunami models for Canada.”

Gregor Robinson, senior vice president, policy and chief economist, Insurance Bureau of Canada said that the new modeling data will help drive a national discourse on disaster mitigation and emergency response in Canada.

“Based on their scientifically advanced modeling approach, IBC is confident AIR Worldwide was the right choice to undertake this important earthquake risk study for Canada,” Mr. Robinson said in the statement.

The updated Earthquake Model for Canada is available in Version 2.0 of the Touchstone and Version 16 of the CATRADER catastrophe risk management systems, the company said.

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