Catastrophe modeling firm AIR Worldwide has issued a preliminary report on the floods caused by the heavy rainfall that began lashing the British Isles on Thursday, November 22, prompting hundreds of flood warnings and alerts. “As of Tuesday, November 27 …
AIR Worldwide announced that The Navigators Group, Inc., an international commercial property/casualty specialty insurance holding company, has selected AIR’s CLASIC/2™ and CATRADER® catastrophe modeling solutions to manage its global catastrophe risk. Navigators “will leverage AIR’s catastrophe models to assess risk …
According to catastrophe modeling firm AIR Worldwide, at 10:35:50 UTC on Nov 7, 2012 an earthquake estimated at a magnitude of 7.4 occurred at a depth of 41.6 km (25.9 miles) about 15 miles off the coastal town of Champerico …
AIR Worldwide announced the opening of an office in Singapore to meet the expanding needs of clients in the Asian insurance market. “AIR has kept pace with the fast-growing markets and our equally fast-growing client base in Asia by opening …
Typhoon Jelawat remains a powerful storm, even if its wind speed has decreased from around from 155 mph, 250km/h, it passed over Okinawa on Saturday with wind speeds over 90 mph, 144 km/h, causing extensive damage, and injuring more than …
According to catastrophe modeling firm AIR Worldwide, Typhoon Sanba made landfall on September 17 just before noon local time (3:00 UTC) in South Gyeongsang Province on the southern coast of South Korea. Maximum sustained winds at landfall were around 150 …
Catastrophe models have become such an indispensable tool for re/insurers, particularly those who write P&C catastrophe coverage, that it’s hard to believe the service is only 25 years old. It was launched in 1987 under the direction of Karen Clark, who …
According to catastrophe modeling firm AIR Worldwide, on September 5 at 8:42 AM local time, a magnitude 7.6 earthquake struck a sparsely populated region of western Costa Rica approximately 150 km [94 miles] west of San José , the nation’s …
According to catastrophe modeling firm AIR Worldwide, after weakening to borderline tropical storm/typhoon strength (120 km/h [75 mph] 10-minute sustained winds), Typhoon Bolaven made landfall in North Korea north of Pyongyang, the country’s capital, at about 11:00 a.m. EDT on …
According to catastrophe modeling firm AIR Worldwide, Typhoon Bolaven made landfall on northern Okinawa around 12:00 UTC on August 26, as a strong category 3 typhoon, as calculated by the Japan Meteorological Agency (JMA). It also reported minimum central pressure …
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