AIR Worldwide News

UPDATE: from AIR: Typhoon Soudelor Nears Taiwan as Season’s Strongest

According to catastrophe modeling firm AIR Worldwide, Typhoon Soudelor is “the strongest tropical cyclone anywhere on earth thus far in 2015 based upon estimated wind speed.” The storm is continuing on its path for a direct hit on Taiwan AIR …

Tropical Storm Nangka Batters Japan with Heavy Rain, High Winds: AIR Report

Catastrophe modeling firm AIR Worldwide’s report on Typhoon Nangka notes that it “made landfall July 16, 2015, at 23:07 Japan Standard Time (JST) (14:07 UTC) with a central pressure of 965 mb near Muroto City, on the eastern coast of …

AIR Estimates Typhoon Chan-hom Insured Losses Less than $354 Million

According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2 billion [$354.3 million]. “Typhoon Chan-hom made landfall in the coastal city of Zhoushan, China, on July 11, 2015, at 4:40 …

Typhoon Nangka Continues on Course towards Japan: AIR Analysis

Catastrophe modeling firm AIR Worldwide has released an analysis of Typhoon Nangka, which is currently a Category 3 storm “with a central pressure of 950 mb and maximum 10-minute sustained wind speeds of 80 knots (~106 mph 1-minute sustained). The …

Typhoon Chan-hom Tracks toward SE China, May Graze Taiwan: AIR Report

According to catastrophe modeling firm AIR Worldwide, Typhoon Chan-hom is “steadily intensifying as it passes over warmer-than-average ocean water.” The storm also remains on track to make land fall on Saturday “in heavily populated southeastern China, near Wenzhou in Zhejiang …

Super Typhoon Noul Delivers Glancing Blow to the Philippines: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, Super Typhoon Noul “made a brief landfall along the mountainous northeastern tip of the main Philippine island of Luzon near the small city of Santa Ana, late Sunday afternoon, May 10, local time.” …

AIR Estimates Cyclone Niklas Insured Losses from $1.09 to $2+ Billion

Catastrophe modeling firm AIR Worldwide estimates that insured losses from Extratropical Cyclone Niklas will range between €1.0 billion and €1.9 billion [$1.09 to $2.07 billion], with the majority of losses in Germany. Losses also occurred in Austria, Belgium, the Czech …

Extra-Tropical Cyclones Niklas and Mike Strike No. Europe: AIR Worldwide

AIR Worldwide reports that extra-tropical cyclone Niklas, currently battering northern Europe with gale-force winds, “is reportedly one of the worst storms to affect Germany in recent years. High winds and heavy rains from Niklas have caused serious building damage in …

Natural Disasters Could Cost $750 Billion Annually in 15 Years: AIR Study  

Economic losses from global natural catastrophes likely will triple over the next 15 years, unless steps are taken to reduce bad development choices, according to preliminary results of a catastrophe modeling study presented at the third UN World Conference on …

Severe Tropical Cyclone Pam Makes Landfall on Vanuatu: AIR Report

A report from catastrophe modeling firm AIR Worldwide describes the movement of Tropical Cyclone Pam over the last two days. The storm in the South Pacific has intensified rapidly, and is now a Category 5 storm (on the BOM scale) …