Isaac has made two separate landfalls, both as a Category 1 hurricane, according to catastrophe modeling firm AIR Worldwide. The first occurred yesterday evening at low-lying Plaquemines Parish, La. Instead of continuing inland as expected, the storm veered sharply to …
The drought in the U.S. agricultural heartland continues to deteriorate crops in the Corn Belt with no meaningful precipitation relief in sight. After the hottest July on record, insured losses from the 2012 drought are now expected to surpass losses …
A swarm of low to moderate magnitude earthquakes has hit Southern California, approximately 30 miles north of the Mexican border, according to catastrophe modeling firm AIR Worldwide. Concentrated in Imperial County a few miles north of the city of Brawley, …
AIR Worldwide (AIR) announced that it has expanded its offerings for commercial insurers with a capability for determining losses from natural catastrophes to buildings under construction. CLASIC/2TM Version 14.0 introduces the ability to model builder’s risk policies for the AIR …
According to catastrophe modeling firm AIR Worldwide, Typhoon Vicente, the 8th named storm to form in the Northwest Pacific this year, struck Hong Kong at 4 a.m. Tuesday, July 24, 2012. Accompanied by heavy rains and 10-minute sustained winds of …
Catastrophe risk modeling firm AIR Worldwide (AIR) has expanded its suite of catastrophe models for Australia with the release of the industry’s first probabilistic bushfire model and updated tropical cyclone and earthquake models. The AIR Bushfire Model for Australia captures …
Just a month after a notable tornado outbreak across parts of the Midwest and the Southeast, a severe thunderstorm yesterday spawned up to 12 tornadoes causing extensive localized damage in the Dallas-Fort Worth region of Texas, according to catastrophe modeling …
John Elbl was appointed vice president in AIR’s Business Development Group, according to the catastrophe modeling company. Elbl joins AIR after 13 years with Zurich Insurance Company, most recently as global head of catastrophe modeling. In his new role, Elbl …
According to catastrophe modeling firm AIR Worldwide, late last week, winter storm Joachim developed over the Atlantic and became a severe extratropical cyclone over Western Europe. With wind gusts exceeding 150 km/h, the storm’s strength was akin to that of …
According to catastrophe modeling firm AIR Worldwide, a red alert was issued for winds in Scotland and the Northern UK by the Met Office. As a result, AIR said “widespread structural damage” was likely; flood alerts for 12 rivers and …