The FIU-led Florida Public Hurricane Loss Model (FPHLM) was recertified by the State of Florida for the next two years. The $960,000 grant pays to update and run the existing program. A joint project with four other universities, the model is the State of Florida’s benchmark for evaluating the financial risks faced by insurance companies […]
The FIU-led Florida Public Hurricane Loss Model (FPHLM), a joint project with four other universities, was recertified by the State of Florida for the next two years. The innovative FPHLM is used to calculate the financial and insurance impact of hurricanes. It is the State of Florida’s benchmark for evaluating the financial risks faced by […]
Florida homeowners will bear the brunt of the wind-related costs A team of researchers headed by FIU College of Business professor Shahid Hamid, using the Florida Public Hurricane Loss Model, estimates that Hurricane Irma caused $19.4 billion in wind-related losses to Florida residents alone. The data doesn’t cover flood losses. Of that total, $6.3 billion […]
