AIR Worldwide
Sandy could cost insurers $15bn
Insured losses from storm Sandy to properties in the US are expected to be between $7bn and $15bn, according to catastrophe modeling firm AIR Worldwide.
"Largest Atlantic hurricane on record" could bring losses of up to $15bn, warns AIR
Insured losses from Sandy to onshore properties in the US will be between $7bn and $15bn, AIR Worldwide has estimated.
Aspen Re enhances risk management in China
Aspen Reinsurance has licensed Air Worldwide's multiple peril crop insurance model for China to enhance its risk management capabilities in catastrophe-exposed agricultural regions of the country.
BrokersLink launches supply chain tool
BrokersLink has launched Specialized Resources, a risk management service which it says will give members access to tools to help clients identify and quantify potential supply chain risks.
BrokersLink offers supply chain risk advice
International broker network BrokersLink has launched a supply chain risk management service for its members.
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past ten days.
Air Worldwide expands in Asia-Pacific with Singapore office
Air Worldwide is opening an office in Singapore to meet the expanding needs of clients in the Asian insurance market.
European floods: keeping the funds flowing
Floods are an on-going threat for Europe, yet the approach to insuring and recovering from them is wide and varied. Francesca Nyman investigates how Europe is tackling the issue and what the future is likely to bring.
South Korea hit by second typhoon in a month
Typhoon Sanba made landfall on 17 September just before noon local time in South Gyeongsang Province on the southern coast of South Korea, according to catastrophe modeling firm Air Worldwide.
Probable maximum loss "a terrible metric", says Air Worldwide founder
PML figures play too great a role in modern catastrophe underwriting, according to modelling expert Karen Clark.
Insured loss estimates hit $2bn as Hurricane Isaac hits Louisiana a second time
Catastrophe experts have suggested that insured losses from Hurricane Isaac could total $2bn after the tropical storm made a second landfall in the US state of Louisiana.
US property and catastrophe insurers to sustain largest Hurricane Isaac losses
Primary insurers including Liberty Mutual Group are likely to bear the brunt of any insured losses arising from Hurricane Isaac, Fitch Ratings has claimed.
US drought to create $20bn crop insurance losses
Catastrophe modelling firm Air Worldwide has estimated that the US drought could leave the insurance industry with a $20bn bill for the losses America's crop farmners have sustained.
America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
Typhoon Tembin headed for Taiwan
Typhoon Tembin, the 14th typhoon of the 2012 Pacific season, is heading slowly for southern Taiwan, and is expected to make landfall today.
AIR Worldwide launches 'under construction' modelling
AIR Worldwide has expanded its offerings for commercial insurers with a capability for determining losses from natural catastrophes to buildings under construction.
Air Worldwide develops catastrophe model offering
Air Worldwide has expanded its offerings for commercial insurers with the ability to determine losses from natural catastrophes to buildings under construction.
Typhoon Haikui to cause millions of pounds of insured losses
A typhoon that is sweeping its way through eastern China could cause up to £100m insured losses.
Insured losses from Vicente estimated to be $100m to $300m
Economic losses from typhoon Vicente, which struck Hong Kong on 23 July, are expected to be $600m to $1.5bn, catastrophe modelling firm Eqecat said.
South west Japan reels from record floods
Heavy rain between 11 and 16 July have caused widespread flooding and mudslides in Japan, catastrophe modeling firm AIR Worldwide reports.
Japan flooding threatens rice crop
Heavy rainfall in south west Japan has caused widespread flooding and mudslides.
Magnitude 6.0 earthquake strikes northern Italy
An earthquake that struck the Emilia-Romagna region of northern Italy in the early hours of 20 May was the strongest in the country since the magnitude 6.3 L'Aquila quake in 2009.
Italy quake: Low level of insurance claims expected
The insurance industry has avoided significant losses from the 6.0 magnitude earthquake that hit northern Italy on Sunday morning due to low take-up of personal property cover in the area.