AIR News

AIR Expands Cat Risk Engineering Program for Supply Chain Risk Quantification

AIR Worldwide announced that it has “expanded its suite of Catastrophe Risk Engineering (CRE) solutions to help quantify, mitigate, and manage the risk associated with the impact of catastrophes on supply chain networks.” AIR said its new offering would “help …

Tsunami Watch Cancelled; AIR Worldwide Analyzes Quake Risk

Yesterday the world held its breath, as two strong earthquakes within hours of each other shook the Indian Ocean sea bed, not far from the epicenter of the quake in 2004, which generated a tsunami that took over a quarter …

AIR Analyzes Chile Quake: No Tsunami; Minimal Damages Reported

Catastrophe modeling firm AIR Worldwide’s report on the earthquake that struck central Chile on Sunday night concludes that, although the quake was a strong tremor – magnitude 7.1 – minimal damages are expected, and no significant loss of life has …

AIR Assessing Damage Picture from Mexico’s Earthquake

Catastrophe modeling firm AIR Worldwide has issued a bulletin analyzing the magnitude 7.4 earthquake that struck southwestern Mexico yesterday. Dr. Tao Lai, Principal Engineer at AIR Worldwide, explained that the “tectonic setting of western Oaxaca is shaped by the subduction …

Tropical Cyclone Lua Hits Northwest Coast of Australia as Cat 4 Storm

Following earlier predictions, tropical cyclone Lua came ashore on Australia’s northwest coast, the “Pilbara” coast, as a strong category 4 storm; i.e. wind speeds from 130 to 156 mph – 209 to 251 km/h. It subsequently weakened as it moved …

AIR Analyzes Increased Japan Risk after Tohoku-Oki Earthquake

Catastrophe modeling firm AIR Worldwide has released a new report – “Understanding Earthquake Risk in Japan Following the Tohoku-Oki Earthquake of March 11, 2011.” The report stresses that the “M9.0 Tohoku earthquake changed the seismic risk landscape of Japan. In …

Windstorm Andrea, First of 2012, Causes Damage in Europe: AIR Report

According to catastrophe modeling firm AIR Worldwide, Windstorm Andrea passed through the U.K. earlier this week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland. The storm is the first in 2012. It …

Windstorm Ulli is Latest to Batter Northwest Europe; AIR Analysis

Catastrophe modeling firm AIR Worldwide’s report on Windstorm Ulli notes that it is “passing through Scandinavia and is expected to dissipate as it moves over the Baltic Sea today. “A class 2 weather warning from the Swedish Meteorological and Hydrological …

Scandinavia Hit Hard by Windstorm Dagmar AIR Reports

A report from catastrophe modeling firm AIR Worldwide notes that Windstorm Dagmar has moved across Russia north of St. Petersburg and begun to dissipate. Its hurricane-force winds caused power outages, downed trees, landslides and other disruption across northern Scandinavia starting …

New Madrid Quake Cost = $110 Billion Impact Today AIR Reports

A report from catastrophe modeling firm AIR Worldwide notes that “this month marks the 200th Anniversary of the first in a series of large earthquakes that took place in the heartland of the United States in the winter of 1811/1812.” …