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Corporate and Foundation Relations

this project aims to anticipate the likelihood of tornado, severe hail, and wind damage by time and geographical region using historical data, as well as novel applications of the latest meteorological technology to predict future occurrence of these events. Through a partnership with Aon, a leader in reinsurance and commercial risk solutions, researchers hope to mitigate increased losses for the insurance industry that result from elevated claim levels by developing more accurate methods for predicting severe weather. Damaging winds, tornadoes, and hail that drive increased losses are most often due to thunderstorms, which can occur any hour of the day and any day of the year. The annual cost of damage from severe storms to the insurance industry has increased from $6 billion to more than $21 billion in the last 10 years.