AIR Worldwide
Harvey expected to be major hurricane as it approaches Texas landfall
Inland flooding, hurricane winds, and life-threatening storm surge poses a severe risk from Hurricane Harvey, according to catastrophe modelling firm AIR Worldwide.
AIR estimates insured losses of $56bn if Hurricane Andrew were to strike again
AIR’s has estimated that if Hurricane Andrew were to recur today, the expected total industry insured losses would be approximately $56 billion (£43.48bn), based on today’s exposures.
AIR Worldwide launches cyber risk aggregator tool
Catastrophe modelling firm AIR Worldwide has launched a cyber risk modelling tool to estimate potential insured cyber losses across an insurer's portfolio.
Lloyd’s and Arium develop long-tail liability model
Lloyd’s has teamed up with modelling company Arium to enable insurers to better model long-tail liability exposure.
Small losses expected from Indonesia earthquake, says AIR
Insured losses from yesterday's 6.5 magnitude earthquake in Indonesia are not expected to be significant according to catastrophe firm AIR Worldwide.
Insured losses of Louisiana floods to cost at least $8.5bn, says AIR Worldwide
According to catastrophe modeling experts AIR Worldwide the recent devastating flooding in Louisiana will cost the industry between $8.5bn (£6.1bn) and $11bn.
Hurricane Hermine to make landfall in Florida today
Hurricane Hermine is expected to make landfall on Florida’s coast today.
Cyber language will become ubiquitous, says Bolt
Five years from now every insurance policy will have cyber language in it, according to Tom Bolt, the recently installed president of UK and Southern Europe at Berkshire Hathaway Specialty Insurance.
Toyota suspends production across Japan following earthquakes
Carmaker giant Toyota has suspended many of its production operations across Japan as a result of a shortage of parts following two deadly earthquakes in the country.
Lloyd's partners with modelling firms on cyber data requirements
Lloyd's has agreed a common core set of data requirements for cyber risks in collaboration with modelling firms AIR Worldwide and RMS alongside the Cambridge Centre of Risk Studies.
Development blamed for high disaster losses
Preliminary results of a catastrophe modelling study presented at the Third UN World Conference on Disaster Risk Reduction showed little prospect of reducing economic losses from present levels of $240bn (£163bn) per year.
Typhoon Neoguri downgraded to moderate
Typhoon Neoguri has been downgraded to moderate after making its closest approach to Japan's southern Okinawa islands last night.
Officials warn of threats to life from Typhoon Neoguri
AIR Worldwide has issued an alert on the potential impacts of Typhoon Neoguri, expected to affect parts of Japan, including high waves, heavy rain and damaging storm surges.
Arthur damage likely minimal
Tropical storm Arthur is unlikely to deal significant damage to properties in North Carolina should it make landfall later this week, according to catastrophe modellers AIR Worldwide.
Oasis project director says framework will cut costs and increase transparency
Loss-modelling platform includes models for flood, earthquake and tsunami.
International: Europe: Weathering the storm
In the wake of devastation caused by typhoon Haiyan in the Phillippines, what is the future for insurance in disaster-prone regions?
AIR Worldwide estimates total windstorm losses could reach £1.9bn
Catastrophe modelling firm AIR Worldwide has estimated total insured losses from windstorm Christian will range between €1.5bn and €2.3bn (£1.9bn).
AIR Worldwide estimates windstorm Christian losses could reach €2.3bn
Catastrophe modelling firm AIR Worldwide has estimated insured losses from windstorm Christian will range between €1.5bn and €2.3bn, with the majority of insured losses occurring in Denmark and Germany.
Insurers set to pay the price after St Jude storm wreaks havoc in the South
Property damage from fallen trees expected to be among major costs.
Winter storm Christian is worst in a decade
Winter storm “Christian” (known as “St. Jude” in the United Kingdom) battered the western shores of southern Britain early on Monday, October 28, 2013, as one of the strongest extratropical cyclones to affect the region in perhaps a decade.
Yosemite wildfire scorches 225 square miles
A massive wildfire that started over a week ago has burned more than 140,000 acres of Yosemite National Park, according to catastrophe modeling firm AIR Worldwide.
Market Moves: Bluefin continues restructuring, while Questgates gets on the case with key hires
Appointments were spread across the market this week. At AIG, Jason Beelders was promoted to a newly-created role in London, while Bluefin once again hogged the headlines in the broking sector following news of an expanded role for head of solutions Mike…
AIR appoints COO
Catastrophe modeling firm AIR Worldwide has appointed Bill Churney to the position of chief operating officer.
Heavy rains cause flooding and mudslides in China
Days of heavy rain across the mountainous Yunnan and Sichuan provinces of southwestern China have caused widespread flooding and triggered landslides.