August 2017

Hurricane Harvey's recorded 130 mph winds and 3 meter storm surge—and the damage they caused—were certainly noteworthy, but they are not what people will remember.

Among the products and services it has updated for the 2017 hurricane season, the National Hurricane Center (NHC) included a smaller cone of uncertainty. What does that mean?

Twenty-five years ago on August 24, 1992, Hurricane Andrew slammed into Florida and became the costliest natural disaster in U.S. history. What would the consequences be for the insurance industry if an Andrew-like Category 5 hurricane were to strike Miami today?

A study by Dr. Jim Kossin—a well-respected tropical cyclone scientist—was published in Nature in January 2017. It could shed some light on why there has been a major hurricane (Category 3 or higher) drought in the U.S. for the last 11 years.

While Peru's building codes are now quite good, many commercial structures in the region predate them and most residential structures in the country are unlikely to have been built in compliance.

As an insurer, having information about each "R" is critical for developing accurate and fair pricing of CBI cover. So let’s discuss what each of the 3 Rs mean and what you need to know about them.

For several years, AIR has written about, presented about, and created infographics around the problem of the protection gap. For the most part our discussions have focused on the "macro" level issues of global (re)insurers and governments, catastrophe models, and data. However, to learn more about the "micro" level issues that drive the protection gap, I recently attempted to buy flood insurance on my townhouse condo in a suburb of Boston.