According to catastrophe modeling firm AIR Worldwide, Tropical Storm Washi pummeled the northern part of the Philippine island of Mindanao late Thursday night. Heavy rainfall from Washi (locally called Sendong) lasted for ten hours, after which flash flooding caused rivers …
Catastrophe modeling firm AIR Worldwide, has reported on winter storm Joachim, which developed over the Atlantic and became a severe extra-tropical cyclone over Western Europe late last week. Central pressure went as low as 963.8 mb and wind gusts exceeding …
According to catastrophe modeling firm AIR Worldwide, a red alert was issued for winds in Scotland and the Northern UK by the Met Office. As a result, AIR said “widespread structural damage” was likely; flood alerts for 12 rivers and …
Catastrophe modeling firm AIR Worldwide has issued a report on the heavy rains, which caused widespread flooding in France and Italy during the first week of November. The storms were caused by a “low pressure system that developed over the …
Catastrophe risk modeling firm AIR Worldwide has released an inland flood model for Germany, which it said “offers a fully probabilistic approach for determining the likelihood of flood losses from all types of storms. The model provides insurers and reinsurers …
In a bulletin released shortly after the earthquake in Peru, Catastrophe modeling firm AIR Worldwide said that “given the relatively sparse population in the epicentral area and the fact that insurance penetration is generally low (estimated at just 2 percent …
Catastrophe risk modeling firm AIR Worldwide announced that it has released the industry’s first Multiple Peril Crop Insurance (MPCI) Model for China. AIR said the “new model provides a fully probabilistic approach for determining the likelihood of losses to the …
Catastrophe modeling firm AIR Worldwide has issued a bulletin on the “torrential rainfall” that has “caused widespread disruption and damage on both sides of the Irish Sea.” The Dublin area has been the hardest hit. AIR said the “flooding was …
Catastrophe modeling firm AIR Worldwide estimates that insured losses from the magnitude 7.2 earthquake that struck eastern Turkey Sunday, October 23rd, near the city of Van, will be between 100 million TRY ($56.5 million) and 300 million TRY ($170 million). …
As rescue workers continued their efforts to find survivors in the debris from collapsed buildings, the death toll from Monday’s earthquake continues to rise. Local officials have said that 279 bodies have been recovered so far, but many more are …
