In this study we present a framework and methods to estimate the Boiler and Machinery pure premium distribution and maximum probable yearly aggregate loss amount (MOY) for a hypothetical electric power plant. We use the collective risk theory formulation and combine actual severity data from...

Public health agencies and medical organizations have increased their relentless efforts to control the outbreaks of mosquitoes causing West Nile disease epidemics with the re-emergence of deadly disease in the United States. Such measures include a large-scale spray operation of insecticides...