Extreme event modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Ida’s winds and storm surge will range from USD 17 billion to USD 25 billion. AIR Worldwide is a Verisk business. AIR’s modeled insured loss estimates include insured physical damage to property (residential, commercial, industrial, auto), both structures and their contents from… Continue reading Verisk’s AIR Worldwide Estimates Insured Losses for Hurricane Ida Will Range from $17B-$25B
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Verisk’s AIR Worldwide Estimates Insured Losses for July Floods in Germany Could Approach EUR 5 Billion
Extreme event modeling firm AIR Worldwide estimates insured losses in Germany from July flooding could approach EUR 5 billion. AIR Worldwide is a Verisk business. Low pressure system “Bernd” parked itself over central Europe and brought about significant flooding from July 13 to 18. Germany’s Rhineland-Palatinate and North Rhine-Westphalia regions were particularly affected, experiencing heavy… Continue reading Verisk’s AIR Worldwide Estimates Insured Losses for July Floods in Germany Could Approach EUR 5 Billion
AIR Worldwide Updates Its Terrorism Model
Catastrophe modeling firm AIR Worldwide announced that it has updated its Terrorism Model for the United States to more comprehensively model the extent of damage from conventional bomb blast attacks. Starting with the size and location of the bomb, the model propagates the appropriate blast intensity within a built environment from the exterior to the… Continue reading AIR Worldwide Updates Its Terrorism Model
Inside the Impact from Climate Change on Hurricane Risk: Report
Catastrophe modeling firm AIR Worldwide (AIR), in collaboration with experts from the Brookings Institution and AXIS Capital Holdings Limited, released a report which explores how climate change may affect hurricane risk in the United States by 2050, specifically related to financial losses to residential and commercial properties. AIR Worldwide is a Verisk business. “Climate-related risks… Continue reading Inside the Impact from Climate Change on Hurricane Risk: Report
AIR Worldwide Releases Updated Hurricane and Inland Flood Models for U.S.
Catastrophe risk modeling firm AIR Worldwide (AIR) announced today that it has updated its Hurricane and Inland Flood Models for the United States. The update for the hurricane model features a new module for precipitation-induced flood risk, while the flood model includes major enhancements to both hazard and vulnerability, including a new, higher-resolution digital terrain… Continue reading AIR Worldwide Releases Updated Hurricane and Inland Flood Models for U.S.
AIR Worldwide Launches COVID-19 Projection Tool
Catastrophe risk modeling firm AIR Worldwide today launched its COVID-19 Projection Tool. This interactive tool, powered by AIR’s pandemic modeling data, provides COVID-19 case and death projections worldwide for the next four weeks and the data will be updated on a daily basis to project one day further into the future. The modeled projections of… Continue reading AIR Worldwide Launches COVID-19 Projection Tool
AIR Worldwide Uses Pandemic Model for Hypothetical Scenarios
An evaluation of potential coronavirus cases globally has been published by AIR Worldwide using its pandemic model to run hypothetical scenarios. The scenarios simulated the spread of disease based on the latest reported number of cases in the countries outside China with the highest number of cases, including South Korea, Italy and Iran. An evaluation… Continue reading AIR Worldwide Uses Pandemic Model for Hypothetical Scenarios
Typhoon Hagibis Insured Losses Estimated Between $8B-$16B: AIR Worldwide
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Hagibis, which made landfall in Japan on October 12, will be between JPY 865 billion (USD 8 billion) and JPY 1,730 billion (USD 16 billion), with more than half of the losses due to inland flooding. AIR Worldwide is a Verisk business.… Continue reading Typhoon Hagibis Insured Losses Estimated Between $8B-$16B: AIR Worldwide
AIR Worldwide Estimates Insured Losses for Typhoon Faxai to be Between $3B and $7B
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion (USD 3 billion) and JPY 740 billion (USD 7 billion). AIR Worldwide is a Verisk business. According to AIR, Typhoon Faxai made landfall in Yokosuka, a southern… Continue reading AIR Worldwide Estimates Insured Losses for Typhoon Faxai to be Between $3B and $7B