According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2 billion (a little over US $354 million). “Typhoon Chan-hom made landfall in the coastal city of Zhoushan, China, on July …
Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its hurricane model for the U.S. to help insurers and reinsurers better understand and quantify the risk from hurricanes. The update features a hydrodynamic storm surge module that integrates storm parameters …
Cyclone Hudhud, which hit India’s east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power supply systems and more than 40,000 homes, the Boston-based modeler said in …
As fears that an Ebola pandemic is on the horizon, many businesses are looking to insurers to allay their fears. While an outbreak could potentially impact several lines of insurance including workers’ compensation, business interruption, supply chain disruption, general liability …
According to catastrophe modeling firm AIR Worldwide, Tropical Storm Ana is located 315 miles south-southwest of Hilo, Hawaii, with maximum sustained winds of 70 mph and a minimum central pressure of 994 mb. While Ana is gradually strengthening, and may …
According to catastrophe modeling firm AIR Worldwide, very severe cyclone Hudhud made landfall on Sunday near Visakhapatnam with sustained wind speeds of 117 knots. Hudhud quickly weakened to a depression after landfall, according to the India Meteorological Department. Although the …
According to catastrophe modeling firm AIR Worldwide, on Monday night at 9:51 p.m. local time, a powerful M7.3 earthquake struck off the coast near the border of El Salvador and Nicaragua. The earthquake was the result of normal faulting in …
Catastrophe risk modeling firm AIR Worldwide (AIR) has released a physically based, probabilistic inland flood model for locations on and off the many and varied floodplains across the United States. The AIR Inland Flood Model for the United States defines …
A magnitude 6.0 earthquake struck near Napa, Calif. early Sunday morning is the strongest earthquake to hit the San Francisco Bay area since the 1989 Loma Prieta earthquake, which registered a magnitude 6.9, according to catastrophe modeling firm AIR Worldwide. …
Catastrophe modeling firm AIR Worldwide announced the expansion and relocation of its London office. The new space, which is more than twice the size of AIR’s previous London office, is designed to accommodate AIR’s significant growth in the London market …