AIR Worldwide News

Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped

In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood in front of a group of Georgetown University students and professors to introduce a new approach to fighting pandemics. Fresh …

Hurricane Zeta Insured Loss Estimates Range from $1.5B to More than $4B

Insured losses from Hurricane Zeta — the fifth named storm to make landfall in Louisiana and the third hurricane to hit the state in the span of two months — will likely come in somewhere between $1.5 billion and $4.4 …

Update: Insurance Price Tag from Hurricane Zeta Estimated at $4.3B in U.S.

Insurers are bracing for a hit of about $4.3 billion from Hurricane Zeta in the United States, catastrophe modeling company Karen Clark & Co (KCC) said on Monday. At least six people were killed in the southeast of the United …

Catastrophe Risk Experts Estimate Up to $3B in U.S. Insured Losses from Delta

Two catastrophe risk and property data providers have estimated U.S. onshore insured losses from Hurricane Delta will come in at between $0.7 billion and $3 billion. Global property information, analytics and data provider CoreLogic reported that insured wind losses for …

Insurer Impact from Sally Expected to be Moderate; Losses Estimated at $1B to $3B

Insured losses from Hurricane Sally could reach as much as $3 billion, according to catastrophe modelers, but ratings agency Moody’s expects a moderate impact on property & casualty insurers and reinsurers. “Because Sally appears to be primarily a flood event, …

Cat Risk Modelers Air Worldwide, KCC Release Laura Insured Loss Estimates

Estimates for insured property losses associated with Hurricane Laura by catastrophe risk modeling firms Air Worldwide and Karen Clark and Co. (KCC) are similar — both fall into the $8 billion range — but they are not exactly the same. …

AIR Worldwide Releases Updated Caribbean Cyclone and Earthquake Models

Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Tropical Cyclone and Earthquake Models for the Caribbean. These models will provide insurers and reinsurers with a comprehensive view of risk across 29 countries and territories in …

AIR Worldwide Releases Updated Earthquake Model for Australia

Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Earthquake Model for Australia. These updates were prompted by findings in the National Seismic Hazard Model from Geoscience Australia (GA), which challenged established conceptions of Australia’s seismic …

AIR Collaborates with Data Firm, Precisely, to Offer Int’l Address-Level Geocoding

Catastrophe modeling firm AIR Worldwide announced that, as part of its Touchstone 2020 software release, clients now can access a premium international address-level geocoding feature to enhance the quality of their exposure data. The geocoding is provided by Precisely, a …

AIR Worldwide Estimates Global COVID-19 Deaths Could Reach 644,000 During June

The number of COVID-19 cases globally over the next four weeks may reach 50 million total cases, with 644,000 estimated deaths, according to estimates provided by Verisk’s catastrophe modeling unit, AIR Worldwide, on May 20. As of May 19, 2020, …