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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 [...]

Global Industry Leaders to Weigh Up How Energy Sector Can Contribute to a Net-Zero World at Wood Mackenzie’s Global Energy Summit

LONDON/HOUSTON/SINGAPORE, Sept. 2 (Korea Bizwire) — This year will prove pivotal for the energy sector. But as the world regroups from the Covid-19 pandemic, the challenge of limiting the impact of climate change has been brought into sharp relief and will be taken up in earnest at the COP26 summit in Glasgow this November. Ahead [...]

Verisk’s AIR Worldwide Estimates Insured Losses for July Floods in Germany Could Approach EUR 5 Billion

BOSTON, July 28 (Korea Bizwire) — Extreme event modeling firm AIR Worldwide estimates insured losses in Germany from July flooding could approach EUR 5 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) 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 [...]

Verisk’s AIR Worldwide Enhances Extreme Event Models for Japan with Release of Updated Earthquake and Typhoon Models

BOSTON, July 27 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide has announced the release of significantly updated AIR Earthquake and Typhoon Models for Japan. The past several years has reaffirmed the vulnerability of Japan to typhoons and earthquakes and prompted updates to AIR’s Industry Exposure Database, earthquake hazard and both earthquake and typhoon [...]

Verisk Launches Life Risk Navigator Software Platform

Jersey City, NJ, July 20 (Korea Bizwire) — Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced the release of Life Risk NavigatorTM, an innovative, cloud-based stochastic risk modeling platform that offers in-depth portfolio analytics which can enhance risk selection, quantify changes in mortality rate, improve hedging strategies, and drive better financial decision-making. The cutting-edge analytics [...]