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AIR Worldwide Estimates Insured Losses for Winter Storm Ciara-Sabine Will be Between EUR 1.1 Billion and EUR 1.9 Billion

AIR Worldwide Estimates Insured Losses for Winter Storm Ciara-Sabine Will be Between EUR 1.1 Billion and EUR 1.9 Billion

BOSTON, Feb. 14 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Winter Storm Ciara-Sabine will range between EUR 1.1 billion and EUR 1.9 billion, the majority of which are expected in Germany, France, and the United Kingdom. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. Storm Ciara was [...]

AIR Worldwide Estimates Insured Losses for Typhoon Hagibis Will be Between USD 8 Billion and USD 16 Billion

AIR Worldwide Estimates Insured Losses for Typhoon Hagibis Will be Between USD 8 Billion and USD 16 Billion

Boston, Oct. 22 (Korea Bizwire) — 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 Estimates Insured Losses for Typhoon Faxai Will be Between USD 3 Billion and USD 7 Billion

AIR Worldwide Estimates Insured Losses for Typhoon Faxai Will be Between USD 3 Billion and USD 7 Billion

Boston, Sept. 15 (Korea Bizwire) — 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 (Nasdaq:VRSK) business. According to AIR, Typhoon [...]

AIR Worldwide Provides Annual Global View of Risk

AIR Worldwide Provides Annual Global View of Risk

BOSTON, Sept. 9, 2019 (Korea Bizwire) — Catastrophe modeling firm AIR Worldwide (AIR) today released its 2019 Global Modeled Catastrophe Losses report, detailing key loss metrics from AIR’s global industry exceedance probability (EP) curve. Based on the report, AIR estimates that the global modeled insured average annual loss from catastrophes worldwide is about USD 92 [...]

AIR Worldwide Estimates Insured Losses for Hurricane Dorian in the Caribbean Will be Between USD 1.5 Billion and USD 3 Billion

AIR Worldwide Estimates Insured Losses for Hurricane Dorian in the Caribbean Will be Between USD 1.5 Billion and USD 3 Billion

BOSTON, Sept. 6 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Dorian’s impact to the Caribbean will range from USD 1.5 billion to USD 3 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. According to AIR, Hurricane Dorian made landfall on St. Thomas on August 28 [...]

Insurance Australia Group Selects AIR’s New Earthquake Model for New Zealand to Help Manage Its Catastrophe Risk

Insurance Australia Group Selects AIR’s New Earthquake Model for New Zealand to Help Manage Its Catastrophe Risk

Boston, Sept. 3 (Korea Bizwire) — Catastrophe modeling firm AIR Worldwide announced that Insurance Australia Group (IAG), the largest general insurance company in Australia and New Zealand, has licensed AIR’s new Earthquake Model for New Zealand to help manage its catastrophe risk. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. “This model has been developed to [...]