Model predicts hailstorm losses

The hailstorm that cut a swathe through Sydney in April 1999 cost insurers about A$1.7bn. For the Australian insurance industry it was one the worst natural disaster in the country’s history. A computer model that predicts hailstorm losses for insurers has now been developed at the Natural Hazards Research Centre (NHRC) at Macquarie University to assist insurers with future disasters of this kind.