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June 6th, 2008
Napco Expands Use of AIR Worldwide Catastrophe Risk Models

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PR – AIR Worldwide Corporation (AIR) today announced that Napco, LLC., a
leading commercial insurance wholesale broker, has expanded its use of
AIRs CATStation®,
to assist clients with their catastrophe underwriting decision-making
and portfolio management.

We rely on AIR model results to negotiate the
best possible contract terms and conditions on behalf of our clients,
said Ravi Singhvi, assistant vice president, risk modeling, at Napco. With
CATStation, were able to analyze risks using
the same high quality hazard and loss information used by insurers and
retail brokers.

CATStation provides the flexibility wholesalers, retailers and insurers
require in one easy-to-use catastrophe management application. Napco
uses CATStation to seamlessly combine exposure concentration analysis,
hazard analysis, and policy-level loss analysis into a single web-based
solution. Based on an in-depth evaluation, Napco chose CATStation as its
sole application for analyzing their clients
catastrophe risk.

It was an easy decision to expand our
relationship with AIR because they provide superior customer service and
have proven to be a good business partner,
continued Singhvi. AIR’s CATStation allows
us to simplify our workflow by bringing critical data elements together
in a single, easily configured report. For example, we can now provide
our clients with information on how much each location contributes
to the overall policy from a loss perspective, as well as whether each
location meets such criteria as distance to coast or soil type.

Wholesale brokers like Napco operate in a
very competitive business climate and rely heavily on the information
provided by catastrophe models, said Bill
Churney, vice president at AIR Worldwide. AIR
scientists and engineers actively participate in the global scientific
community to ensure that AIR models reflect the collective body of
scientific thought and research. As a result, AIR’s models
enable Napco to provide their clients with more stable and consistent
information over time.

Three of the top five U.S. wholesale brokers rely on AIR models and
software to enhance the value they provide to their clients.

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