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Managing U.S. Flood Risk: Part II, the New Pluvial Component

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The New Science of Event Attribution

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Modeling Fundamentals: Loss Modification in Touchstone

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Your search has returned 188 results.

Aggregated Cyber Risk: The Nightmare Scenarios

Articles | AIR Currents Article,Megadisaster Article
May 26, 2015

Several kinds of cyber risk aggregation scenarios could lead to catastrophic accumulated losses, including power blackouts; hacking of a major credit card payment processing center; exploiting vulnerabilities in common operating systems and firmware; and hacking of a major commercial cloud service provider.
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A Look Back at the 2014 Price Drop and What’s Ahead for the 2015 Crop Season

Articles | AIR Currents Article
March 19, 2015

In 2014, the market saw price drops for corn and soybeans following record-breaking yields. For the insurance industry, the conversation quickly turned to the importance of crop prices and the price risk that insurers and reinsurers face. In this article, we explain why the 2014 price drops generated far more concern than very similar drops in 2004 and 2008 did.
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An Enhanced View of Hurricane Wind and Storm Surge Risk in the U.S.

Articles | AIR Currents Article
January 29, 2015

In summer 2015, AIR is releasing several important enhancements to the U.S. hurricane model. This article provides an overview of the enhancements, and future articles will delve into some of the details.
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The New Madrid Earthquake Bicentennial: Revisiting A Midwest Mystery

Articles | AIR Currents Article
December 19, 2011

This month marks the 200th anniversary of the first in a series of large earthquakes that took place in the heartland of the United States in the winter of 1811/12. AIR Director of Earthquake Hazard Dr. Mehrdad Mahdyiar and Dr. Paolo Bazzurro, AIR Principal Engineer and Director of Engineering Analysis and Research, describe the research community’s current understanding of what happened and outline the financial implications of a recurrence.
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Optimizing Earthquake Catalogs for Better Model Performance

Articles | AIR Currents Article
July 28, 2011

In this article, Dr. Guillermo Franco (Manager & Principal Engineer, Decision Analytics) and Dr. Mehrdad Mahdyiar (Director, Earthquake Hazard) discuss the problem of sampling variability in constraining catalog size and explain AIR’s flexible and sophisticated optimization algorithms.
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Rethinking the Unthinkable: Modeling Unprecedented Ruptures Like the Great Tohoku Earthquake

Articles | AIR Currents Article
April 25, 2011

The Japan Trench—source of the M9.0 Tohoku earthquake—is one of the most seismically active subduction zones in the world and has a long record of strong earthquakes. Nevertheless, based on historical seismicity, scientists did not expect such a powerful earthquake in Japan’s northeast region. In this article, AIR principal scientist. Bingming Shen-Tu and AIR director of earthquake hazard research Mehrdad Mahdyiar explore why the magnitude of the event, if not the magnitude of the loss, was a surprise and discuss its implications on future modeling of seismic risk in Japan.
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Uncertainty in Estimating Commercial Losses—and Best Practices for Reducing It

Articles | AIR Currents Article
July 28, 2011

AIR Principal Engineer Dr. Vineet Jain explains why commercial losses are more unpredictable than residential losses and provides some best practices to follow when modeling commercial portfolios.
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Managing Typhoon Risk in South Korea

Articles | AIR Currents Article
December 14, 2010

AIR recently added South Korea to its Northwest Pacific basinwide typhoon model. In this article, AIR researchers detail two large-loss scenarios.
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The Role of Wind Duration in Damage Estimation

Articles | AIR Currents Article
August 16, 2010

AIR Principal Engineer Dr. Vineet Jain looks at the evidence of the effects of wind duration on property damage, and explains how AIR models it.
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Providing a Reliable Solution for Modeling Large Industrial Facilities

Articles | AIR Currents Article
February 20, 2013

Modeling industrial facilities—which exhibit a great number and array of assets—is challenging. A previous AIR Current discussed the component-based approach AIR introduced in 2009 to help commercial insurers and other stakeholders navigate this task. This article features an in-depth look at that approach for the largest, most complex industrial sites, and includes a case study highlighting the utility of AIR’s 400-series of occupancy codes, meticulously designed for these particular exposures.  
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