Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCO’s Spring 2013 State of the Market Report, underwriters and …
Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co. When contents and time element exposures are added in, the …
AIR Worldwide (AIR) has expanded its offerings for commercial insurers with a capability for determining losses from natural catastrophes to buildings under construction. CLASIC/2Version 14.0 introduces the ability to model builder’s risk policies for the AIR earthquake and hurricane models …
PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has updated its Europe Industry Exposure Database with revised “market-wide property sums insured for European windstorm for Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden, Switzerland …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., announced that it has updated its UK terrorism catastrophe model, which now “estimates the financial loss to life insurers from potential terrorist events and helps to satisfy the …
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 storms. The model provides insurers and reinsurers …
Oakland-based catastrophe modeling firm EQECAT has provided risk modeling services to Electricité Réseau Distribution France S.A. (ERDF) for the issuance of a €150 million [$216 million] catastrophe bond transferring European windstorm risk to the capital markets. ERDF is the largest …
Catastrophe modeling firm AIR Worldwide has released an enhanced typhoon model for the Northwest Pacific Basin. AIR said the “model, which was released in Version 12.5 of AIR’s CLASIC/2™ and CATRADER® software, features a comprehensive catalog of simulated storms to …
