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Stock impact report

Velocity Risk and Louisiana State University Team Up in Joint Venture on Gulf Hurricane Outlook Model [Yahoo! Finance]

Markel Group Inc. (MKL) 
Last markel group inc. earnings: 4/28 04:54 pm Check Earnings Report
US:NYSE Investor Relations: markelcorp.com/investor-relations
Company Research Source: Yahoo! Finance
Risk”), proudly announces their joint venture on the “Velocity Risk LSU Gulf Hurricane Outlook” in partnership with Louisiana State University ("LSU"). This innovative model is the first and only Gulf Coast-centric hurricane model using daily data to predict US hurricane seasonal activity, representing a significant advancement in more precise Gulf hurricane forecasting. Velocity Risk, an Excess and Surplus ("E&S") general agency, is a leading participant in the E&S property catastrophe market, with US hurricane risk being not only the most consequential factor for its business but for the industry at large. This joint venture underscores Velocity Risk's commitment to establishing itself as a thought leader in hurricane and weather-related catastrophe research and risk management within the E&S space. The collaboration between Velocity Risk and LSU began in early 2023, with the project officially starting in the summer of 2023. The joint venture was driven by a team of dedicated e Show less Read more
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