Verisk’s AIR Worldwide Updates Losses for Hurricane Ida to Include Impacts of Inland Flooding

BOSTON, Sept. 13 (Korea Bizwire) — Extreme event modeling firm AIR Worldwide updated its insured loss estimates for Hurricane Ida after analyzing the inland flood impacts across the entirety of its track, including the Northeast. AIR now estimates that Ida’s insured industry losses will range from USD 20 billion to USD 30 billion. AIR estimates [...]

Verisk’s AIR Worldwide Estimates Insured Losses for Hurricane Ida Will Range from USD 17 Billion to USD 25 Billion

BOSTON, Sept. 3 (Korea Bizwire) — 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 (Nasdaq:VRSK) business.  AIR’s modeled insured loss estimates include insured physical damage to property (residential, commercial, industrial, auto), both structures [...]