AIR Worldwide

• AIR Worldwide Introduces Real-Time Climate Risk Analytics Service

  By Staff Writer  |  April 22, 2013

  Catastrophe modeling firm AIR Worldwide announces the availability of Real-Time Climate Risk Analytics, a new service for corporations and emergency management agencies to help them better manage and assess their risk from natural catastrophes.

• AIR Worldwide Announces New Public Risk Services Group

  By Staff Writer  |  April 3, 2013

  Catastrophe modeling firm AIR Worldwide announces the availability of Public Risk Services, a new consulting service to support the needs of public sector institutions and stakeholders charged with managing catastrophe risk. John W. Rollins, vice president at AIR Worldwide, will head the new service group.

• AIR Raises Sandy Loss Estimate to Up to $22B

  By Reuters  |  November 26, 2012

  Disaster modeling company AIR Worldwide raised its estimate of insured losses from superstorm Sandy substantially to between $16 billion and $22 billion.

• USAA Seeking More Natural Disaster Cover After Sandy

  By Sarah Mortimer, Reuters  |  November 9, 2012

  U.S. insurer USAA plans to raise $250 million of protection against natural disasters with the sale of a new catastrophe bond, despite the threat of a payout on previous such deals following Hurricane Sandy.

• XL CEO: Sandy to Change Industry's Perception of Risk in Affected Areas

  By Chad Hemenway, PropertyCasualty360.com  |  November 7, 2012

  XL Group's chief executive says Superstorm Sandy will not be a capital event for the insurance industry, but he does think it will change the industry's perception of risk.

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  Sandy Claims: How Insurers Can Reduce Class Action, Bad Faith Exposure

  By Wystan M. Ackerman  |  November 1, 2012

  An attorney who spent most of his time for several years defending insurance companies in lawsuits after Hurricane Katrina offers some thoughts on what claim executives and their counsel can be doing now to try to reduce potential class action and bad faith exposure.

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  Disruption from Sandy Doubles Eqecat Insured-Loss Estimate to Up to $20B

  By Chad Hemenway, PropertyCasualty360.com  |  November 1, 2012

  Catastrophe modeler Eqecat doubled its initial estimate of insured losses from Superstorm Sandy to up to $20 billion.

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  Agent: ‘Sandy is the Worst Storm in Memory’

  By Melissa Hillebrand, PropertyCasualty360.com  |  October 31, 2012

  Agents from Long Island, New Jersey and Delaware speak on preparing for Sandy and handling claims in the storm’s aftermath

• Sandy Could Be Third-Costliest Hurricane Ever; Insured Losses up to $15 Billion: AIR

  By Chad Hemenway, PropertyCasualty360.com  |  October 31, 2012

  Catastrophe modeling firm AIR Worldwide says ‘Superstorm’ Sandy will cause between $7 billion and $15 billion in insured losses.

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  Drought Brings Record U.S. Cost for Crop-Insurance Subsidy

  By Charles Abbott, Reuters  |  October 17, 2012

  U.S. taxpayers could pay a record $15 billion to subsidize the privately run crop insurance program this year, double the recent cost due to devastating drought in the Farm Belt, say an array of agricultural economists.

• China Quake Cover Ready for ILS Solution

  By Sarah Mortimer, Reuters  |  September 27, 2012

  China's fledgling insurance and reinsurance market cannot meet the soaring costs of natural disasters, but has the data and modeling capability to offload the risk to the private market via insurance-linked securities solutions.

• As Crop Losses Mount, Farmers Seen Quicker to Claim

  By Ben Berkowitz, Reuters, Tom Polansek, Reuters  |  July 20, 2012

  The drought ravaging America's prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in some cases, farmers who have amped up their insurance coverage may be giving up on their crops early rather than to trying to save them.

• Mass. AG Says Homeowners Rates Are Inflated; Criticizes Cat Models

  By Phil Gusman, PropertyCasualty360.com  |  November 18, 2011

  Homeowners rates in Massachusetts have been inflated due to the use of “unproven and in some cases discredited hurricane models,” according to the state’s attorney general.

• QuickFill Support from Edgewater Expands Alliance With ISO

  By Staff Writer  |  November 2, 2011

  Edgewater Technology, Inc., and ISO are building on their long-standing relationship to offer carriers products and integration services. The two companies formed a strategic alliance to provide implementation and integration services for QuickFill, ISO's data prefill product.

• Magnitude 6.9 Quake Strikes India; Damage Reported, but No Loss Estimates

  By Phil Gusman, PropertyCasualty360.com  |  September 19, 2011

  A magnitude 6.9 earthquake struck in the region of Sikkim, India yesterday, causing moderate to heavy damage to vulnerable structures, as well as at least 38 fatalities and over 100 injuries, according to catastrophe modeler Risk Management Solutions.

• Trillium Announces Agreement with AIR for Improved Geocoding

  By Staff Writer  |  September 13, 2011

  Trillium Software, a business of Harte-Hanks, Inc., and an enabler of total data quality solutions, announces an agreement with AIR Worldwide, the provider of catastrophe risk modeling software, to provide more precise geocoding through the integration of Trillium’s geospatial capabilities with AIR’s catastrophe modeling application.