Latest AIR Worldwide Headlines
All the headlines from our AIR Worldwide Topic Page, ordered by recency.
Magnitude 6.0 Earthquake Strikes Italy’s Emilia Romagna Region: AIR Analysis
May 21 2012 // AIR Worldwide has released its preliminary analysis of the earthquake which struck the Emilia-Romagna region of northern Italy in the early hours on Sunday, May 20. The US Geological Survey issued a “moment magnitude...
Tsunami Watch Cancelled; AIR Worldwide Analyzes Quake Risk
Apr 12 2012 // Yesterday the world held its breath, as two strong earthquakes within hours of each other shook the Indian Ocean sea bed, not far from the epicenter of the quake in 2004, which generated a tsunami that took over a quarter...
Zurich’s Global Head of CAT Modeling Joins AIR Worldwide
Mar 20 2012 // Boston-based catastrophe risk modeling firm AIR Worldwide hired John Elbl as vice president for the business development group. John Elbl Elbl comes from Zurich Insurance Company, where he worked for the past 13 years....
AIR Worldwide Launches Inland Flood Model for Germany
Nov 8 2011 // Catastrophe risk modeling firm AIR Worldwide has released an inland flood model for Germany, which it said “offers a fully probabilistic approach for determining the likelihood of flood losses from all types of...
AIR Worldwide Launches Multiple Peril Crop Insurance Model for China
Oct 31 2011 // Catastrophe risk modeling firm AIR Worldwide announced that it has released the industry’s first Multiple Peril Crop Insurance (MPCI) Model for China. AIR said the “new model provides a fully probabilistic...
AIR Worldwide Cat Models Now Cover Industrial and Renewable Energy
May 3 2011 // Catastrophe modeling firm AIR Worldwide (AIR) today announced that its Catastrophe Risk Engineering (CRE) models now cover industrial and renewable energy facilities worldwide. Their expansion is “aimed at helping...
AIR Worldwide Estimates Japan Insured Losses up to $30 Billion
Mar 25 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, forecasting the insurance industry will have to pay out $20 billion to $30 billion in claims. That...
AIR Worldwide Updates Mediterranean Region Earthquake Model
Sep 9 2009 // AIR Worldwide Corporation has updated its probabilistic earthquake risk model for the Mediterranean region. The Boston-based catastrophe risk modeling firm, noted that the model is “used by European insurers,...
Winds Fan Santa Barbara Wildfire During Wildfire Awareness Week
May 18 2009 // A wildfire that began on May 5 in Santa Barbara County, Calif. — during Wildfire Awareness Week May 3-9 — continued to burn as of press time, having burned 8,733 acres and destroyed 77 residences as of May 10,...
AIR Worldwide Analyzes Recent Earthquakes in Indonesia
Jan 7 2009 // According to catastrophe risk modeling firm AIR Worldwide, a series of strong earthquakes shook the West Papua province of Indonesia this past weekend. The U.S. Geological Survey reported that the initial quake measured...
Montpelier Group Licenses AIR Worldwide’s U.S. Crop Model
Dec 5 2008 // AIR Worldwide Corporation announced that the Bermuda-based Montpelier Group has licensed the AIR Multiple Peril Crop Insurance (MPCI) model for use in AIR’s CATRADER®, the industry standard application for...
AIR Worldwide Releases UK Inland Flood Model
Nov 25 2008 // AIR Worldwide Corporation has released the AIR Inland Flood Model for Great Britain. “The new probabilistic model will help companies better manage on-and-off flood plain risk for properties in England, Wales, and...
State’s Building Code Helps Minimize Losses from California Earthquake
Jul 30 2008 // The moderate earthquake that struck Los Angeles late Tuesday (July 29) morning at 11:42am PDT has not caused major damage or serious injury, according to early eyewitness reports and the Los Angeles Fire Department. Based...
U.S. Insured Losses from Dolly Estimated at $300 Million to $1.2 Billion
Jul 24 2008 // Insured loss estimates from Hurricane Dolly are starting to roll in. AIR Worldwide estimates U.S. insured losses from Hurricane Dolly at $300 million to $1.2 billion with an expected (mean) loss of $600 million. Meanwhile,...
Majority of California Wildfires Contained, 100 Homes Destroyed
Jul 14 2008 // More than 1,400 fires that burned as part of California’s lightining series have been contained due to the endless efforts of firefighters from California, as well as from throughout the nation and Canada, according...
Secquaero Licenses AIR Worldwide’s CATRADER to Manage Cat Bonds
May 30 2008 // AIR Worldwide Corporation announced that Secquaero Advisors Ltd., an investment specialist with a focus on insurance risk management and intermediation, has licensed CATRADER®, its software for analyzing catastrophe...
AIR Worldwide Expands Consulting Group, Adding Fasking, Zhang
Apr 22 2008 // Boston-based AIR Worldwide Corp. reports that Dennis Fasking and Jin Zhang have joined its expanding Consulting and Client Services Group to meet growing client demand for catastrophe risk consulting services. Fasking and...
Santa Ana Winds Continue to Fuel Southern California Wildfires
Oct 24 2007 // Major fires continue to burn in Southern California, in some cases fueling new fires. There are currently 15 fires burning 414,013 acres, according to the National Interagency Fire Center. The large number of separate...
AIR Worldwide Releases New Typhoon Model for China
Oct 23 2007 // AIR Worldwide Corp. (AIR) released the AIR typhoon model for China. The new probabilistic model will help insurers, reinsurers, and brokers better manage the very high typhoon risk intrinsic to one of the world’s...
AIR Worldwide Says Insured Losses from Humberto Likely Won’t Top $200M
Sep 19 2007 // Boston-based catastrophe risk modeling company AIR Worldwide Corporation reported insured wind losses from Hurricane Humberto are unlikely to exceed $200 million. The estimate covers insured wind losses to property,...
