AIR updates US hurricane model
July 19, 2010
Insurance ERM
The model has been endorsed by Dr. Kerry Emanuel,
professor in the department of earth, atmospheric and planetary
sciences at the Massachusetts Institute of Technology. "I'm impressed
by the level of knowledge and understanding of the AIR research team,"
he said. Click here to read story.
Massachusetts Insurer Sells $96 Million Cat Bond for Hurricane Protection
July 09, 2010
Bloomberg
Massachusetts ranks fourth in the U.S. in the value of insured coastal property, behind Florida, New York and Texas, according to 2007 data from catastrophe-modeling firm AIR Worldwide. Click here to read story.
AIR Worldwide Crop Modeling Team Secures First Place at Commodity Trading Competition
July 07, 2010
Insurance News Net
The AIR Worldwide (AIR) agriculture risk modeling team finished first in the FACTSim Futures and Options Trading Competition for the fifth time in the past six years. The team based its trades on information provided by AIR's advanced crop yield model, which is a key component of the AIR Multiple Peril Crop Insurance (MPCI) Model for the United States. Click here to read story.
Hurricane Alex losses of $200m predicted
July 02, 2010
Post Online
Catastrophe risk modeling firm AIR Worldwide estimates
that insurable losses (losses from properties that are eligible for
insurance, whether or not they are actually insured) from Hurricane
Alex are not expected to exceed $200m. Click here to read story.
A perfect storm: The Gulf hurricane season and the Deepwater Horizon oil leak
July 01, 2010
By Dr. Peter Dailey, ISO Perspectives from America
The world has
watched the Gulf of Mexico since a massive leak began spewing oil
following the April explosion on the Deepwater Horizon oil drilling
platform. The timing of the leak is significant. According to sea
surface temperature anomaly charts from the National Oceanic and
Atmospheric Administration (NOAA), the North Atlantic hurricane season
began in June with warmer than average temperatures in the northern
Gulf of Mexico. The possibility of a tropical storm or hurricane
passing over the oil spill is very real. Click here to read story.
Best Practices for Managing Catastrophe Risk
July 01, 2010
By Bill Churney, ISO Property
Natural catastrophes such as earthquakes, hurricanes, tornadoes, wildfires, and winter storms can jeopardize the financial well-being of an otherwise stable, profitable company. Catastrophe models are tools that help risk managers effectively assess catastrophe risk and make informed risk management decisions. Working together with their brokers, corporate risk managers can explore various risk transfer strategies, including appropriate levels of insurance purchase. Click here to read story.
Climate change analytics: Limitations and opportunities
July 01, 2010
Asia Insurance Review
ISO's subsidiary, Atmospheric and Environment
Research (AER)'s Dr Ross N Hoffman, AIR Worldwide's Dr Peter S Dailey
and ISO's Michael R Murray, discuss the importance of proactive risk
management in the face of an uncertain future global climate. Click here to read story.
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Risk & Insurance Webinar: The Secrets of CAT Exposure Management
June 29, 2010
Risk & Insurance
Dr. Akshay Gupta, Director, Catastrophe Risk Engineering Services,
discusses how risk managers should apply catastrophe modeling,
engineering risk assessments and mitigation strategies to identify the
key loss-driving properties in their portfolio and determine ways to
reduce risk. Joining Dr. Gupta is Donald A. Quesenberry, Director,
Insurance - Americas/Global Property, Marriott International Inc. Click here to listen to Webinar.
2010 Hurricane Roundtable
June 22, 2010
Risk Market News
In the second annual RiskMarketNews Hurricane
Roundtable the three largest catastrophe modeling firms discuss the
upcoming season, the impact of the Gulf of Mexico oil spill and the
structure of near term hurricane models. In the conversation are: David
F. Smith, Senior VP, Model Development Group, EQECAT, Inc., Peter S.
Dailey, Ph.D., Assistant Vice President and Director of Atmospheric
Science, AIR Worldwide and Dr. Robert Muir-Wood is chief research
officer at RMS. Click here to read story.
Tropical storm Agatha insured losses minimal: AIR
June 01, 2010
Business Insurance
Tropical storm Agatha dumped more than a
foot of rain in some parts of Central America and left at least 150
dead, but resulted in minimal insured losses, according to AIR
Worldwide. Click here to read story.