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Steel Consumers Troubled By ITC Decision

The new
releases contain two enhancements, AIR ImportExpress(TM) and the
CEDE(TM) database, that allow users to import , analyze, and share
catastrophe risk management data faster and more easily.

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A member of the ISO family of
companies, AIR was founded in 1987 to provide its insurance,
reinsurance, corporate , and government clients a complete line of risk
modeling software and consulting services that produce consistent and
reliable results.

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steel producers made it
highly unlikely that they would be harmed by removal of the duties.

Business Editors/High-Tech Editors/Insurance Writers

BOSTON ----AIR Worldwide Corporation
(AIR) today announced that the latest releases of CLASIC/2(TM) and
CATStation (R) will enable insurers, brokers, and reinsurers to
significantly improve their catastrophe management workflow.

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The CITAC STF is a coalition of companies and organizations
representing steel consumers and related industries.

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info/steeltaskforce/.

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policy impose
a tax on imported steel that we need? "
"Steel consumers support a strong, globally competitive domestic steel
industry."
The CITAC Steel Task Force has argued that the ITC must take into account
the impact on consumers and the economy as a whole, not just one segment of
the economy, when determining whether to impose or continue trade remedies."
The introduction of AIR's CEDE database further streamlines the
catastrophe modeling process.

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S.S. Other areas of expertise include
site-specific seismic engineering analysis , catastrophe bonds, and
property replacement cost valuation.

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Since
the domestic steel industry cannot produce enough steel to meet U.

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citac.

About AIR Worldwide Corporation

AIR Worldwide Corporation (AIR) is a leading risk modeling company
helping clients manage the financial impact of catastrophes and
weather.

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CITAC is a coalition of companies and organizations committed to promoting
a trade arena where U. Once data has been imported,
AIR ImportExpress allows users to save an import template for
automatic conversion of future imports.

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AIR ImportExpress is a utility that facilitates the quick import
of exposure data into CLASIC/2 and CATStation. CEDE reduces time spent by reinsurers importing and
geocoding data for detailed catastrophe analysis, and avoids potential
errors in data translation.

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Headquartered in Boston, AIR has additional offices
in North America, Europe, and Asia.

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consuming industries and their workers have access to
global markets for imports that enhance the international competitiveness of
American firms.

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"AIR ImportExpress and CEDE will simplify the
data entry process and dramatically reduce the time required to import
files into AIR's modeling systems.

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Steel consumers had argued that the duties should be
discontinued because the record profits of U.

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WASHINGTON, Steel-consuming industries will
continue to struggle to be competitive in the wake of yesterday's
International Trade Commission's (ITC) decision to continue import
restrictions on steel, according to the Consuming Industries Trade Action
Coalition (CITAC ) Steel Task Force.
"Detailed catastrophe analyses provide a more accurate view of
insurer risk , but detailed exposure data is typically received in a
variety of formats," said Uday Virkud, senior vice president at AIR
Worldwide Corporation.air-worldwide.

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The ITC voted 4-2 on Thursday to continue dumping orders for 5 years on
certain hot-rolled, flat-rolled carbon steel from Japan , Russia, Brazil, and
several other countries. demand,
and the industry is profitable and competitive , why should U. Utilizing the latest science and technology, AIR models
natural catastrophes in more than 40 countries and the risk from
terrorism in the United States.com

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But increasingly these industries must bear
the burden of continued protection for their own suppliers, far beyond any
reasonable time period, and that burden is becoming too great.

AIR Catastrophe Modeling System Updates Streamline Workflow for Insurers Brokers and Reinsurers

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S. CEDE, which stands for Catastrophe
Exposure Data Exchange, facilitates the sharing of detailed exposure
data among insurers, brokers , and reinsurers during the reinsurance
placement process.

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"While 5 years ago there may have been justification for these orders,"
said Leibowitz, "circumstances have changed dramatically since then. For more information on
CITAC and the Steel Task Force, visit http://www.

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They support trade protection remedies for industries that are the
target of unfair trade practices.

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"Steel consumers in the United States need access to stable, adequate
supplies of globally priced steel, and the ITC decision ensures that they will
continue to suffer from high prices, long lead times and quality problems,"
said Lewis Leibowitz, counsel to CITAC.

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Through an intuitive
user -friendly interface, exposure data in its original format can be
easily imported using AIR ImportExpress . For more information, please visit
www.