AIR Worldwide Corporation announced today that it is the first firm whose catastrophe modeling software will meet the requirements of industry standards group ACORD.
AIR Worldwide Corp. (AIR) has expanded ISO PushPin, its database of property-specific building characteristics for the insurance industry, to more than 75 million residential properties. The update adds five million properties to the database,
Tropical Storm Fay reached Cape Romano, Fla., at 5 a.m. on Tuesday, August 19. AIR Worldwide does not expect significant insured wind losses in the U.S. Not categorized as a hurricane, Fay came onshore with sustained winds of nearly 60 mph. Though
AIFAM Inc., an investment firm specializing in alternative assets and strategies, has chosen AIR Worldwide Corp.'s CATRADER, the industry standard application for analyzing catastrophe reinsurance and insurance-linked securities (ILS).
Insured losses resulting from the earthquake in metropolitan Los Angeles on Tuesday should be under $100 million, according to the Guy Carpenter Instrat unit. The 5.4 magnitude earthquake did not result in any serious damage or injuries. At
Hurricane Dolly will result in estimated U.S. insured losses of $300 million to $1.2 billion with an expected mean loss of $600 million, according to AIR Worldwide. Risk Management Solutions (RMS) estimates that insured losses will be less than $750
Despite the devastating shore property damage inflicted by the 2005 hurricane season, the increase in "the number and value of exposed properties along the U.S. Gulf and East Coasts continues apace--an
Over the past three years, the insured value of properties in coastal areas of the U.S. continued to grow at a compound annual growth rate of more than 7 percent, according to a report by catastrophe risk modeling firm AIR Worldwide Corp. Despite the
Anticipating catastrophic events and having a handle on their potential impact and costs are critical to insurer operations. The following are several relevant tools introduced or upgraded during the
AIR Worldwide Corporation has released version 9.0 of its U.S. Hurricane Model, which features an enhanced methodology for estimating business interruption losses.