Weather satellites

Verisk’s AIR Worldwide Estimates Insured Losses for July Floods in Germany Could Approach EUR 5 Billion

Retrieved on: 
Wednesday, July 28, 2021

BOSTON, July 28, 2021 (GLOBE NEWSWIRE) -- Extreme event modeling firm AIR Worldwide estimates insured losses in Germany from July flooding could approach EUR 5 billion.

Key Points: 
  • BOSTON, July 28, 2021 (GLOBE NEWSWIRE) -- Extreme event modeling firm AIR Worldwide estimates insured losses in Germany from July flooding could approach EUR 5 billion.
  • To produce the loss estimates, AIR analyzed hourly precipitation fields over Germany derived from NASAs Global Precipitation Measurement (GPM) system during July 5 to 19.
  • AIR Worldwide (AIR) provides risk modeling solutions that make individuals, businesses, and society more resilient to extreme events.
  • AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia.

Mitsubishi Electric Completes New Satellite Production Facility

Retrieved on: 
Tuesday, February 18, 2020

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has completed construction of a new facility for the production of satellites at the companys Kamakura Works in Kamakura, Japan.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has completed construction of a new facility for the production of satellites at the companys Kamakura Works in Kamakura, Japan.
  • The new facility will increase production efficiency, shorten production time, reduce costs and elevate product quality for enhanced competitiveness.
  • In addition, the new facility will incorporate Mitsubishi Electric products, such as a heat pump air-conditioning system, LED lights and high-efficiency transformers to further reduce energy consumption.
  • Mitsubishi Electrics long involvement with satellites includes the Himawari-7, -8 and -9 weather satellites, the Superbird-C2Japans first commercial communications satellite, QZS high-accuracy positioning satellite systems, and the Eshail-2 for Qatar Satellite Company in Qatar.