Bill Churney News

Verisk Analytics Buys UK-Based Arium, a Liability Risk Modeling Firm

Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, has acquired Arium, an independent company specializing in liability risk modeling and decision support. London-based Arium will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable …

Verisk’s AIR Worldwide Names Churney to Succeed Lee as President

Data firm Verisk Analytics has appointed Bill Churney as president of its AIR Worldwide risk modeling business. Churney had been serving as AIR’s chief operating officer. Churney succeeds Ming Lee, who retired as AIR president Jan. 1, 2016, concluding a …

Gap Between Insured & Economic Losses Offers Business Opportunities: AIR

A huge global gap between disaster-related insured and economic losses presents a growth opportunity for P/C carriers, AIR Worldwide determined in a new report. What the catastrophe modeling firm found: the global insured average annual loss comes in at $74 …

AIR’s ‘Global Exceedance Probability Curve’ Report Shows Industry Loss Metrics

Catastrophe modeling firm AIR Worldwide estimated that the 1 percent exceedance probability loss (or the 100-year return period loss) is approximately $231.5 billion and the long-term average annual loss from natural catastrophes and terrorism is $72.6 billion. These statistics were …

AIR Worldwide Promotes Churney to Chief Operating Officer

Catastrophe modeling firm AIR Worldwide promoted Bill Churney to the newly-created position of chief operating officer. Based in AIR’s Boston headquarters office, Churney will have immediate responsibility for all product management, software product development, global business development, marketing, consulting, and …