Engineering Perspective Can Provide Clarity to Property Risks
January 13, 2012
By Akshay Gupta, National Underwriter
Corporate risk managers looking to protect their property—and by extension, their organizations’ overall financial stability—should consider viewing their facility risks from an engineering perspective, according to one catastrophe-risk expert.
Click here to read story.
AIR Worldwide Unveils China Crop Loss Model
November 09, 2011
A.M. Best
AIR Worldwide's AVP Jack Seaquist says China faces "multitude of challenges" in modeling crop risk. Click here to watch video.
AIR Unveils Flood Risk Model for Germany
November 07, 2011
A.M. Best
Dr. Milan Simic of AIR Worldwide: new inland flood risk model for Germany will model "a consistent set of rainstorm events over the whole of Europe". Click here to watch video.
AIR Worldwide Updates Terrorism Model for the US
October 28, 2011
A.M. Best
Jack Seaquist, assistant vice president at AIR Worldwide, discusses the changes to its terrorism model for the United States, which reflect reduced capability for large-scale coordinated attacks from al-Qaida and its allies. Click here to watch video.
Perspectives: Trying to quantify terror risks
September 11, 2011
By Jack Seaquist, Business Insurance
The events of Sept. 11, 2001, changed the way the United States viewed the security of its borders and its approach to terrorism. The insurance industry, which lost many of its own in the destruction of the twin towers in New York City that day, also changed. Without a federal backstop in place, insurance rates would have been out of reach for many businesses with terrorism exposures. Jack Seaquist, vp at AIR Worldwide, oversees the Boston-based catastrophe modeling firm's terrorism risk model and offers his thoughts on stabilizing an ever-evolving threat.
Click here to read story.
Hurricane Irene: The Aftermath
August 29, 2011
CNBC
Discussing the insurance implications of Hurricane Irene, with Jayanta Guin, AIR Worldwide senior vice president of research modeling. Click here to watch video at CNBC.com.
Remodeling Catastrophe Bonds
June 27, 2011
By Pascal Karsenti, Risk Market News
In today's burgeoning insurance-linked securities (ILS) market, investors are increasingly using catastrophe modeling software to "remodel" catastrophe bonds.
Click here to read story.
Missouri River Flooding Intensifies: AIR
June 27, 2011
Risk Market News
"Over the past month, the Upper Missouri River Basin has received record-high amounts of rainfal; nearly a year's worth," said Dr. Ioana Dima, a senior scientist at AIR said in a statement. "Combined with the above-normal melt water from the past winter's heavy snowfall, the result is extremely high water levels along the river and in built-in reservoirs in Montana, North Dakota and South Dakota."
Click here to read story.
Hurricane Beatriz Hits Mexico's Coast with Heavy Rains
June 21, 2011
Claims Journal
"Beatriz is currently projected to maintain Category 1 hurricane status as it moves along the coast before making a turn to the west-northwest and farther out to sea later today," said Dr. Tim Doggett, principal scientist, AIR Worldwide.
Click here to read story.
AIR Worldwide CEO: Hurricane Risk Has Not Changed
June 21, 2011
By Ming Lee, National Underwriter
Ming Lee, president & chief executive officer of catastrophe risk modeler AIR Worldwide says he doesn't understand "what all the fuss is about" when it comes to recent debates concerning hurricane model revisions. "The overall hurricane risk has not changed," he adds. Lee wrote to NU Online News Service to clear up any misconceptions about AIR's model.
Click here to read story.