catastrophe modeling News

Typhoon Neoguri to Skirt Okinawa; Nears Kyushu Landfall: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time today, Typhoon Neoguri—the strongest typhoon to date in 2014—is “roaring toward Japan with sustained winds of 180 km/hr [112 mph] and gusts above 250 km/h [155 mph].” …

Powerful M6.9 Quake Strikes near Mexico-Guatemala Border: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time yesterday, July 7, a powerful M6.9 earthquake struck near the border of Mexico and Guatemala near the town of Puerto Madero, Mexico, at a depth of 37.3 …

Lloyd’s U.S. Chief on Board with Climate Change

Despite risking offense to non-believers, Hank Watkins didn’t hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd’s America, talked about an extensive report Lloyd’s of London just released, “Catastrophe Modeling and Climate Change.” “Everybody …

AIR Worldwide Appoints Guin Executive VP to Direct Research Program

Catastrophe modeling firm AIR Worldwide announced that Dr. Jayanta Guin has been appointed executive vice president. He “will continue to direct AIR’s innovative research program as well as assist with strategic management of AIR’s overall business strategy and new initiatives,” …

CoreLogic Acquires Catastrophe Modeling Firm Eqecat

CoreLogic, an Irivine, Calif. company that provides the insurance, financial services and real estate industries with data and analytics, has acquired catastrophe modeling firm Eqecat from ABS Group. Alyson Austin, CoreLogic spokesperson, said the transaction closed on Dec. 20. The …

Commentary: Have We Learned the Right Lessons From Sandy?

One year ago, Hurricane Sandy slammed into the New York and New Jersey coasts. As a result, 43 people died, lower Manhattan was dark for days, and seven hospitals had to be evacuated.In New York and New Jersey, 650,000 houses …

University of Maryland Project Aims to Improve Storm Predictions

Scientists at the University of Maryland Center for Environmental Science Horn Point Laboratory have a new project in the works that aims to better predict the intensity of storm surges on the Chesapeake Bay, Delaware Bay and the Atlantic Coast. …

Video Interviews – Coming to Your Screen – a Sneak Preview

Over the next several weeks we will be releasing a series of video interviews, recorded at the Reinsurance Rendez-vous in Monte Carlo. They are wide ranging, covering a number of topics. They will air the views from some of the …

Eqecat Agrees to Share Exposure Data Schemas With RMS

Catastrophe modeling firm Eqecat announced that it has finalized an agreement to share exposure data schemas with another major catastrophe-modeling firm, Risk Management Solutions (RMS). The agreement recognizes the need in the industry for a data standard, according to the …

Commentary: Accounting for Non-Modeled Sources of Loss

The purpose of modeling is to anticipate the likelihood and severity of catastrophes so that companies can prepare for their financial impact — before they occur. The evidence suggests that, for the most part, modeling has achieved its mission. Eleven …