AIR Worldwide News

Hundreds of Homes Inundated as Floods Sweep Through the UK: AIR

According to catastrophe modeling firm AIR Worldwide, heavy rainfall began lashing the British Isles on Thursday, November 22, prompting hundreds of warnings and alerts. As of Tuesday, November 27 at 3 PM GMT, there were 182 flood warnings, two severe …

Sandy Insured Losses Estimated Between $16 and $22B: AIR

Catastrophe modeling firm AIR Worldwide now estimates that insured losses from Sandy will be between $16 and $22 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their contents, automobiles, and time …

Sandy Damage Survey Report Part Two: AIR

This report is the second in a series from AIR Worldwide’s ongoing damage survey of areas impacted by Sandy, which made landfall on October 29, 2012, five miles southwest of Atlantic City, New Jersey. The commentary here will illustrate the …

Sandy Damage Survey Report Part One: AIR

Sandy’s diameter made it the largest Atlantic hurricane on record in terms of the span of tropical storm-force winds, according to catastrophe modeling firm AIR Worldwide. The huge radius helped to keep the winds at Category 1 intensity and allowed …

Tropical Cyclone Nilam Makes Landfall Near Chennai, India: AIR

According to catastrophe modeling firm AIR Worldwide, Tropical Cyclone Nilam began crossing the Tamil Nadu coast at about 4:30 PM local time with maximum wind speeds of about 80-90 kilometers per hour, gusting to 100 km/h. Landfall took place about …

Insured Losses from Sandy Estimated Between $7-$15B: AIR

Catastrophe modeling firm AIR Worldwide estimates that insured losses from Sandy to onshore properties in the U.S. will be between $7 and$15 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their …

Powerful Earthquake Off British Columbia Causes Little Damage: AIR

According to catastrophe modeling firm AIR Worldwide, a powerful 7.7 magnitude earthquake struck off British Columbia’s north-central coast, shaking regions as far away as Edmonton and Yukon. According to the United States Geological Survey, the earthquake, which struck at a …

Category 2 Hurricane Sandy Exits Cuba on Course for Bahamas: AIR

With maximum sustained winds of 105 mph, Sandy is now a Category 2 hurricane on the Saffir-Simpson Scale, up from tropical storm strength at this time yesterday but diminished in strength since its landfall in Cuba late last night, according …

Hurricane Rafael Bypasses Bermuda: AIR

According to catastrophe modeling firm AIR Worldwide, Rafael became the season’s 9th hurricane on Monday after tracking through the Leeward Islands. The storm then bypassed Bermuda late Tuesday evening. As of the National Hurricane Center’s (NHC) 5:00 AM EDT advisory, …

AIR Estimates Isaac U.S. Insured Losses Between $700M and $2B

Catastrophe modeling firm AIR Worldwide estimates that insured losses from Hurricane Isaac to onshore properties in the U.S. will be between $700 million and $2 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial …