AIR Worldwide News

Tropical Cyclone Utor Slams Philippines, Heads Towards China’s Coast: AIR Worldwide

According to catastrophe modeling firm AIR Worldwide, Typhoon Utor slammed into the northern Philippine island of Luzon today at approximately 3:00 pm local time (7:00 UTC) with 10-minute sustained winds of 175 km/h (109 mph, JMA), gusts of up to …

Downgraded Storm Flossie Leaving Hawaii: AIR Worldwide

According to catastrophe modeling firm AIR Worldwide, the remnants of what was Tropical Storm Flossie are currently northwest of Kauai, the northernmost main island of the Hawaiian chain of islands, moving west-northwest away from the islands at about 15 miles …

AIR Worldwides Hurricane Model for the U.S. Certified by the Florida Commission

AIR Worldwide (AIR) announced the certification of the latest release of its hurricane model for the U.S. by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The Commission certifies models for use by insurers for developing Florida residential and …

Colorado Wildfire Doubles in Size: AIR Worldwide

Earlier this week, wildfires—exacerbated by unseasonably warm temperatures and windy conditions— broke out in the forested terrain of southern Colorado, according to catastrophe modeling firm AIR Worldwide. In fact, Colorado Springs hit 98° on June 10, setting a record for …

AIR Worldwide Updates Estimates of Insured Value of Coastal Properties

Catastrophe modeling firm AIR Worldwide has released an update to its “The Coastline at Risk” report. The update presents and discusses AIR’s most recent estimates of the insured value of residential and commercial properties in states along the Eastern Seaboard …

Taiwan 6.2 Magnitude Earthquake Results in Low Number of Insured Losses

The magnitude 6.2 earthquake that struck central Taiwan Sunday night, June 2, 2013, at 9:43 p.m. local time, in a sparsely populated region of Nantou County just 4.3 miles northeast of a similar rupture only two months ago is unlikely …

Heavy Rains Cause Flooding, Landslides Across Central Europe: AIR Worldwide

Central Europe has been inundated during the past several weeks with heavy and relentless rain, which has resulted in some of the worst floods seen in the area in more than 70 years, according to catastrophe modeling firm AIR Worldwide. …

Massive EF-5 Tornado Causes Destruction in Oklahoma: AIR Worldwide

According to catastrophe modeling firm AIR Worldwide, at 3:01 p.m. on Monday, May 20, 2013, a massive tornado struck Moore, Oklahoma, a suburb of Oklahoma City, destroying many homes, businesses, and public buildings, including two elementary schools and a hospital. …

Tornadoes Touch Down in North Texas: AIR Worldwide

The Storm Prediction Center (SPC) reported that three tornadoes touched down west of Dallas-Fort Worth Wednesday evening. According to catastrophe modeling firm AIR Worldwide, the tornadoes affected Montague and Hood counties from the Red River southward to the town of …

Heavy Rains Cause Flooding in Midwest: AIR Worldwide

According to catastrophe modeling firm AIR Worldwide, heavy rainfall, severe thunderstorms, and flash flooding tore across several Midwest states early last week, after moist air surged ahead of a strong cold front and low-pressure system. While the worst of the …