Latest AIR Worldwide Headlines
All the headlines from our AIR Worldwide Topic Page, ordered by recency.
AIR Worldwide, RenaissanceRe Collaborate to Develop Casualty Catastrophe Model
Apr 9 2018 // Catastrophe modeling firm AIR Worldwide (AIR) announced it is collaborating with RenaissanceRe, a global re/insurer, as part of a joint effort to enhance the industry’s modeling of long-tail casualty...
AIR Worldwide Names Liberty Mutual’s Grenier to Head Global Resilience Practice
Feb 5 2018 // Catastrophe modeling firm AIR Worldwide (AIR) has appointed Dr. Roger Grenier as senior vice president of global resilience to lead AIR’s resilience initiatives across the globe. Grenier has 20 years of experience...
AIR Worldwide Updates Hurricane Maria Loss Estimate
Dec 7 2017 // Catastrophe modeling firm AIR Worldwide has updated its loss estimates for Hurricane Maria, reporting that insured losses in the Caribbean will be between $27 billion and $48 billion. Losses from Maria in Puerto Rico alone...
Typhoon Damrey’s Vietnam Death Roll Rises; AIR Worldwide Comments
Nov 7 2017 // A powerful typhoon that rocked Vietnam has killed at least 44 people, left more than a dozen missing and caused extensive damage to the country’s south-central region ahead of a summit that will draw leaders from...
AIR Worldwide Introduces Inland Flood Model for Japan
Oct 23 2017 // Catastrophe modeling firm AIR Worldwide has introduced a new inland flood model for Japan along with enhancements to its Japan typhoon model. These models are part of Version 5.1 of AIR’s catastrophe modeling...
AIR Worldwide Estimates $65B – $75B in Texas Property Damage from Harvey Flooding
Sep 7 2017 // Boston-based catastrophe modeling firm AIR Worldwide has estimated property losses from the flooding in Texas caused by Hurricane Harvey’s record-breaking rainfall will be between $65 billion and $75 billion. These...
Insured Loss Estimates from Harvey Will Take Time
Sep 4 2017 // Flood losses from Hurricane Harvey, which made landfall as a Category 4 storm late on Aug. 25 near Rockport, Texas, are expected to vastly outnumber those from wind but that doesn’t mean property losses will be...
AIR Worldwide Launches Severe Thunderstorm Model for Australia
Jul 24 2017 // Catastrophe risk modeling firm AIR Worldwide announced it has released a severe thunderstorm model for Australia, which captures all three sub-perils – hail, tornado and straight-line wind – to help companies assess...
AIR Worldwide Launches Crop Hail Model for Canada
Jun 26 2017 // Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of potential...
New Modeling Product From AIR Worldwide Analyzes Client Cyber Risk
Apr 24 2017 // Catastrophe modeling firm AIR Worldwide has released a new cyber risk modeling application for the insurance and reinsurance markets. ARC (Analytics of Risk from Cyber) is designed to evaluate any commercial policy...
Colombia’s Insurance Regulator Approves Use of AIR’s Earthquake Model
Feb 15 2017 // Catastrophe modeling firm AIR Worldwide (AIR) announced that its earthquake model for Colombia has been approved by the country’s insurance regulator, the Superintendencia Financiera de Colombia, for use by domestic...
Indonesia’s M6.5 Quake Kills Nearly 100 with Low Insurance Losses Expected: AIR
Dec 8 2016 // An M6.5 earthquake jolted the northernmost area of Sumatra, Indonesia, on Dec. 7 at 5:03 a.m. local time, with nearly 100 fatalities and more than 600 injuries reported. The epicenter was 19 kilometers (11.8 miles)...
New Zealand EQ Insured Losses Could Top $3B: AIR Worldwide
Nov 18 2016 // Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand’s South Island early this week, putting a range of $762 million to $3.5...
AIR Worldwide Comments on Central Italy’s 2 Powerful Earthquakes
Oct 28 2016 // The two powerful earthquakes that hit central Italy on Oct. 26 are considered aftershocks of the deadly Aug. 24, M6.2 earthquake that occurred near Teramo, which about 50 miles south-southeast of the latest temblors,...
Typhoon Haima Hits China as Weaker Storm; AIR Worldwide Comments
Oct 21 2016 // Typhoon Haima made landfall in China after it brushed past Hong Kong, forcing the city’s stock exchange to cancel trading for the day and airlines to suspend flights. The Hong Kong Observatory said it will consider...
Typhoon Meranti Insured Losses in China Could Top $1 Billion: AIR Worldwide
Sep 29 2016 // Insured losses on mainland China from September’s Typhoon Meranti are expected to fall between $650 million (CNY 4.3 billion) and $1.15 billion (CNY 7.7 billion). According to catastrophe modeling firm AIR Worldwide,...
AIR Worldwide Expands Global Terrorism Risk Model
Sep 19 2016 // Catastrophe risk modeler AIR Worldwide has expanded the capabilities of its terrorism risk model to support scenario testing for the United States and 27 other countries to help companies assess the impact of different...
China’s Fujian Province Braces for Super Typhoon Meranti
Sep 12 2016 // Already equivalent to a Category 4 hurricane with maximum 10-minute sustained winds of 115 knots (212 km/h, 132 mph), super typhoon Meranti is expected to strengthen during the next few days and then make landfall on the...
Italy Quakes Could Lead to Limited Insured Losses: RMS & AIR Worldwide
Aug 26 2016 // Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of property values and the...
AIR Worldwide: 20 Parishes, More than 60K Homes Impacted by Louisiana Flooding
Aug 25 2016 // Initial estimates from Louisiana’s Office of Homeland Security and Emergency Preparedness indicate that more than 60,000 homes have been damaged in the 20 parishes impacted in the extensive precipitation-induced...
