Latest AIR Worldwide Headlines
All the headlines from our AIR Worldwide Topic Page, ordered by recency.
Clark Steps Down as President and CEO of AIR Worldwide
Feb 1 2007 // AIR Worldwide announced that Karen Clark, its current president and CEO, will assume the role of vice chairman of the board of AIR, effective April 15, 2007. S. Ming Lee, currently the company’s executive vice...
White Paper Cautions Reliance on Near-term View of Hurricane Risk
May 10 2006 // AIR Worldwide Analysis Concludes That Significant Uncertainty AIR Worldwide Corporation (AIR) issued a white paper that reviews the current state of research on climatological impacts on hurricane activity and explains the...
Editor’s Note: Close to home: 1906 revisited
Apr 17 2006 // April 18 marks the 100th anniversary of the great San Francisco earthquake of 1906, a catastrophe that affected thousands of lives, caused hundreds of millions of dollars in damage and generated aftershocks in insurance...
Editor’s Note: Close to home: 1906 revisited
Apr 17 2006 // If an earthquake similar to that of the 1906 San Francisco quake were to hit a metropolitan area, today, the losses would be staggering. April 18 marks the 100th anniversary of the Great San Francisco Earthquake of 1906, a...
AIR Worldwide Opens Munich Office
Jan 20 2006 // AIR Worldwide Corp. announced the opening of AIR Worldwide GmbH in Munich, Germany, “to meet the needs of its expanding client base in the region.” Yoern Tatge will head the new office. AIR noted: “Europe...
AIR Worldwide and ISO (U.K.) Open Representative Office in Beijing
Jan 10 2006 // AIR Worldwide Corporation and Insurance Services Office Limited, the U.K.-based provider of personal injury claims and anti-fraud insurance services and solutions, announced the opening of the AIR Worldwide Corporation...
AIR Worldwide, ISO Report Opening of Representative Office in Beijing
Dec 12 2005 // AIR Worldwide Corporation (AIR) and ISO reported the opening of the AIR Worldwide Corporation Beijing Representative Office in China. AIR, a subsidiary of ISO, helps more than 400 insurers, reinsurers, government agencies...
AIR Worldwide: Significant Quality Issues with Insurers’ Exposure Data
Nov 14 2005 // A recent analysis of insurers’ exposure data by AIR Worldwide Corporation (AIR) determined that the quality and completeness of most insurers’ commercial policy data is insufficient for a detailed and accurate...
Fitch Utilizing AIR Worldwide’s CAT Models for Industry Capital Analysis
Oct 17 2005 // To help assess the capital adequacy and financial strength of insurance companies in North America and Europe, Fitch Ratings now utilizes AIR Worldwide’s (AIR) catastrophe risk management systems to assist in...
AIR Worldwide Estimates Hurricane Katrina’s Damages at Less Than $600M
Aug 26 2005 // AIR Worldwide Corp., a risk modeling company, estimates that insured losses from the initial landfall of Hurricane Katrina should not exceed $600 million. With maximum sustained wind speeds of 80 mph at landfall, Hurricane...
AIR Worldwide Hurricane Model Gains Fla. Approval
Jun 2 2005 // The Florida Commission on Hurricane Loss Projection Methodology has for the ninth consecutive year certified AIR Worldwide Corporation’s 2005 U.S. Hurricane Model. To be used by insurers for residential rate filings,...
AIR Worldwide: Jeanne Costs at $5 to $9 Billion
Sep 27 2004 // AIR Worldwide estimates that insured losses from Hurricane Jeanne will fall between $5 billion and $9 billion. This estimate was calculated by AIR Tropical Cyclone Model and is based on data provided by the National...
AIR Worldwide Sees Ivan Costing $3 to $6 Billion
Sep 16 2004 // AIR Worldwide estimates insured losses in the United States from Hurricane Ivan will be between $3 billion to $6 billion. Losses in the Caribbean will likely add another $1 billion to $2.5 billion to the total. Hurricane...
AIR Worldwide Reports Fla. Losses at $5 Billion to $10 Billion from Frances
Sep 9 2004 // While significantly less intense than Hurricane Charley in terms of sustained wind speeds at landfall, AIR Worldwide estimates that total insured losses for Florida from Frances will fall within a very similar range:...
AIR Worldwide: Charley Paved Narrow, But Destructive Path Across Florida
Aug 17 2004 // With an expected insured loss of $6-10 billion, Hurricane Charley’s assault on Florida will likely rank as the second costliest in U.S. hurricane history. While devastating both in terms of damage and lives lost,...
AIR Worldwide Releases 2003 European Extratropical Cyclone Model
Jul 18 2003 // AIR Worldwide Corporation (AIR) announced the release of its 2003 European extratropical cyclone model, which is used by insurers and reinsurers to price contracts and manage risk from these windstorms. The model...
AIR Worldwide Releases Updated Reconstructed Weather Data
Aug 21 2002 // AIR Worldwide Corporation (AIR) of Boston has released updated reconstructed weather data for stations throughout the U.S. The update by AIRWeather™, AIR’s weather risk management service, provides weather...
AIR Worldwide Unveils 2002 Version of CLASIC/2
Jul 16 2002 // AIR Worldwide Corporation (AIR), a technological provider in catastrophe modeling and weather risk management, announced the latest release of CLASIC/2™. CLASIC/2, an interactive desktop system for the assessment and...
