According to catastrophe modeling firm AIR Worldwide, just after 3:00 p.m. local time on April 16, a powerful M7.8 earthquake struck a sparsely populated area of southeastern Iran about 50 kilometers (30 miles) from the country’s border with Pakistan. According …
According to catastrophe modeling firm AIR Worldwide, a 6.3 earthquake struck 55 miles southeast of Bandar Bushehr near Iran’s southwest coast, however insurance losses are expected to be minimal. According to the United States Geological Survey (USGS), the earthquake occurred …
Catastrophe modeling firm AIR Worldwide (AIR) announced the availability of Public Risk Services, a new consulting service to support the needs of public sector institutions and stakeholders charged with managing catastrophe risk. John W. Rollins, FCAS, MAAA, vice president at …
A magnitude 6.0 earthquake struck central Taiwan on Wednesday shaking rural Nantou County (located about 250 km south of the capital of Taipei) was felt throughout the island, according to catastrophe modeling firm AIR Worldwide. Buildings swayed in Taipei for …
Catastrophe modeling firm AIR Worldwide (AIR) announced that Peak Reinsurance Co. Ltd. (Peak Re), a reinsurer headquartered in Hong Kong focusing primarily on the Asia-Pacific market, has selected AIR’s catastrophe modeling solutions to manage its catastrophe risk. “Catastrophes are a …
According to catastrophe modeling firm AIR Worldwide, with 1-minute sustained winds of 136 km/h and gusts to 170 km/h, Tropical Cyclone Rusty came ashore as a severe tropical cyclone—a category 3 storm by the Australian system of cyclone classification (approximately …
According to catastrophe modeling firm AIR Worldwide, on Friday, February 15, a meteor exploded over the city of Chelyabinsk (population: 1 million) in Russia’s central Ural Mountains, injuring hundreds and causing damage to buildings in six cities. According to the …
Flooding has hit parts of eastern Australia, forcing thousands of residents to evacuate their homes, according to catastrophe modeling firm AIR Worldwide. The heavy precipitation over the past week is associated with ex-tropical cyclone Oswald and was enhanced by a …
In 2011, insured losses from global natural catastrophes exceeded $110 billion according to industry sources, the second-highest figure ever recorded. A new report from catastrophe modeling firm AIR Worldwide reveals that there is nearly a 7 percent probability that the …
According to catastrophe modeling firm AIR Worldwide, a magnitude 7.3 earthquake struck off the northeast coast of Japan today, 270 kilometers from the Japanese city of Sendai, at 18:18:24 local time. The event struck in the same plate boundary region …