AIR Worldwide News

Early Insured Loss Estimates on Hurricane Gonzalo Up to $400M

Early estimates by catastrophe modeling firms indicate insured losses from Hurricane Gonzalo in Bermuda will come in between $200 and $400 million. EQECAT estimates $300 million in insured losses, about the scale caused by Hurricane Fabian in 2003. Both storms …

India’s Cyclone Hudhud May Have $400 Million Price Tag

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 today …

Tropical Storm Ana Forecast to Impact Hawaii This Weekend

A Central Pacific Hurricane Center advisory shows Tropical Storm Ana is located 315 miles south-southwest of Hilo, Hawaii, with maximum sustained winds of 70 mph. While Ana is gradually strengthening, and may achieve hurricane status later today, the storm is …

AIR Worldwide Discusses Expected Damages From Typhoon Phanfone

An ominous storm from the outset, Typhoon Phanfone is now on track to impact large areas of Japan with damaging winds and substantial rainfall, from Osumi and the southeastern coast of Kyushu to Shikoku and Honsh, according to Boston-based catastrophe …

Insured Losses From the Napa Quake Pegged at $250M or Less

Insured losses from the Aug. 24 earthquake that struck Napa, Calif. will not exceed $250 million, according to a risk management firm. Widespread damage was expected from the 6.0 magnitude event, but there wasn’t much business interruption as most area …

M6.0 Earthquake is California Bay Area’s Strongest Since Loma Prieta

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. …

Typhoon Halong Nears Japan; Saturday Landfall Expected: AIR Analysis

According the catastrophe modeling firm AIR Worldwide, strong winds and heavy rainfall from Typhoon Halong have already arrived on Japan’s Daito Islands (about 320 km [200 miles] east of Okinawa), with reports of maximum sustained surface winds of approximately 139 …

Hurricane Iselle Makes Beeline for Hawaii

Hurricane Iselle, which has been tracking toward Hawaii since last week, is projected to make landfall on the Big Island of Hawaii Thursday night local time, according the catastrophe modeling firm AIR Worldwide. Iselle has weakened to a Category 1 …

Shallow M6.1 Earthquake Causes Severe Damage in China: AIR Analysis

According to catastrophe modeling firm AIR Worldwide the Mw6.1 earthquake that struck south-central China’s Yunnan Province “was the strongest to strike the area in 14 years. The epicenter was near the township of Longtoushan in Ludian County, just 11 km …

Hurricane Bertha to Pass by East Coast But Not Make Landfall: AIR

Bertha, which became the second hurricane of the 2014 Atlantic season today, made its way through the Caribbean as a weak and disorganized tropical storm this past weekend. Bertha is heading north and is expected to pass along the U.S. …