According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2 billion [$354.3 million]. “Typhoon Chan-hom made landfall in the coastal city of Zhoushan, China, on July 11, 2015, at 4:40 …
Catastrophe modeling firm AIR Worldwide has released an analysis of Typhoon Nangka, which is currently a Category 3 storm “with a central pressure of 950 mb and maximum 10-minute sustained wind speeds of 80 knots (~106 mph 1-minute sustained). The …
According to catastrophe modeling firm AIR Worldwide, Typhoon Chan-hom is “steadily intensifying as it passes over warmer-than-average ocean water.” The storm also remains on track to make land fall on Saturday “in heavily populated southeastern China, near Wenzhou in Zhejiang …
According to catastrophe modeling firm AIR Worldwide, Super Typhoon Noul “made a brief landfall along the mountainous northeastern tip of the main Philippine island of Luzon near the small city of Santa Ana, late Sunday afternoon, May 10, local time.” …
Catastrophe modeling firm AIR Worldwide estimates that insured losses from Extratropical Cyclone Niklas will range between €1.0 billion and €1.9 billion [$1.09 to $2.07 billion], with the majority of losses in Germany. Losses also occurred in Austria, Belgium, the Czech …
AIR Worldwide reports that extra-tropical cyclone Niklas, currently battering northern Europe with gale-force winds, “is reportedly one of the worst storms to affect Germany in recent years. High winds and heavy rains from Niklas have caused serious building damage in …
Economic losses from global natural catastrophes likely will triple over the next 15 years, unless steps are taken to reduce bad development choices, according to preliminary results of a catastrophe modeling study presented at the third UN World Conference on …
A report from catastrophe modeling firm AIR Worldwide describes the movement of Tropical Cyclone Pam over the last two days. The storm in the South Pacific has intensified rapidly, and is now a Category 5 storm (on the BOM scale) …
In the face of growing interest in climate change impacts, several big catastrophe modelers said they’ve heard from more clients interested in receiving climate-related data and they believe the field is on the cusp of a change in the way …
Catastrophe modeling firm AIR Worldwide estimated that the 1 percent exceedance probability loss (or the 100-year return period loss) is approximately $231.5 billion and the long-term average annual loss from natural catastrophes and terrorism is $72.6 billion. These statistics were …
