flood and storm surge risk News

Updated AIR Hurricane Model for U.S. Features Storm Surge Module

Catastrophe risk modeling firm AIR Worldwide has updated its hurricane model for the U.S. to help insurers and reinsurers better understand and quantify the risk from hurricanes. The update features a hydrodynamic storm surge module that integrates storm parameters with …

6.5 Million Homes from Maine to Texas at Risk for Storm Surge: CoreLogic

More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs. More than $986 billion of that risk is concentrated within 15 major …

Proposal Envisions Artificial Islands Near N.Y. to Blunt Future Storm Surges

A string of artificial islands off the coast of New Jersey and New York could blunt the impact of storm surges that proved so deadly during Superstorm Sandy, according to a new proposal. It’s a big proposal — one that …

Munich Re Expert Tells IUMI Cat Models a Must for Marine Risks

Marine underwriters at the International Union of Marine Insurance (IUMI) conference in London heard from Hjortur Thrainsson, Munich Re’s modeling expert, that even a catastrophe model that is wrong is better than no model at all. He was speaking at …