AIR Worldwide Updates Coastline at Risk Report
Research shows continuing growth in the total insured value of exposed coastal properties in the United States of around 4% per annum since 2013
BOSTON, Nov. 10, 2016 — Catastrophe risk modeling firm AIR Worldwide today released an update to its “Coastline at Risk” report containing AIR's most recent estimates of the total insured value of residential and commercial properties in states along the Eastern Seaboard and Gulf Coast of the United States.
Over the last decade, the United States has experienced a significant increase in the number and value of exposed coastal properties that will continue to contribute to increasing hurricane losses for insurers. The report has been updated to chart the continuing growth in the total insured value of these exposed coastal properties since AIR’s last update in 2013.
Key findings in the Coastline at Risk report:
- Changes in the total insured value of properties along the coastline
- Estimated total insured value of residential and commercial properties in the coastal counties of the U.S. East and Gulf coasts
- U.S. states with the largest proportion of its total insured value in coastal counties
Download, “The Coastline at Risk: 2016 Update to the Estimated Insured Value of U.S. Coastal Properties” here: http://airww.co/coastlineatrisk
About AIR Worldwide
AIR Worldwide (AIR) provides catastrophe risk modeling solutions that make individuals, businesses, and society more resilient. AIR founded the catastrophe modeling industry in 1987, and today models the risk from natural catastrophes, terrorism, and pandemics globally. Insurance, reinsurance, financial, corporate, and government clients rely on AIR’s advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, site-specific engineering analyses, and agricultural risk management. AIR Worldwide, a Verisk Analytics (Nasdaq:VRSK) business, is headquartered in Boston with additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com.
