AIR Worldwide News

Update: Claims Teams Begin Handling Onslaught of Harvey Cat Losses

Hurricane Harvey has set a U.S record, according to the National Weather Service, dumping 51.88 inches of rain in parts of Texas. As the tropical storm moves over southern Louisiana, claims catastrophe teams are moving in to devastated cities in …

Earthquake Models Continue to Evolve

With a focus on tectonic plate movement, induced quakes and subperils, earthquake models continue to evolve, according to Andrew O’Donnell, senior engineer at AIR Worldwide. Though earthquake modeling has been around awhile, O’Donnell said changes in the models have improved …

Businesses Face Evolving Cyber Risk

Though several factors affect a firm’s cyber risk, people remain the critical vulnerability, according to Scott Stransky, assistant vice president and principal scientist with AIR Worldwide. In an audio interview with Claims Journal, he explained the evolving risk and what …

Managing Supply Chain Risk in 2017

Supply chains are subjected to a wide range of potential disruptions and risks every year, according to Aaron Michel, senior engineer with AIR Worldwide. He discussed the risks expected to affect supply chains this year during a podcast with Claims …

Industry Experts Say Matthew Won’t Reverse Declining Reinsurance Rates

Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for …

With Insured Losses Estimated at $8.5-$11B, Louisiana Looks to Recovery

Catastrophe modeling firm AIR Worldwide estimates that industry ground-up insurable losses—which include exposures eligible for coverage (regardless of whether they are actually insured) without any application of deductibles or limits—from the flooding in Louisiana caused by excessive rainfall during August …

Business Moves: Alacrity Services, Oriel Services, AIR Worldwide, CCC

Alacrity Services Announces Market Expansion With Launch Of Resolve Homeowner Program Alacrity Services launched Resolve to directly connect homeowners to its network of pre-screened restoration and repair contractors. The announcement marks a first-time expansion for the company from its core …

Cyber Terrorism a Major Concern for U.S. Businesses

U.S. businesses focused on addressing crisis management in the event of an on premise terrorist attack may be leaving their information systems vulnerable to a cyber attack. According to The Global Risks Report 2016, compiled through a strategic partnership between …

Business News: Solera Acquires Enservio, AIR Worldwide, AGCS

Solera to Acquire Enservio Solera Holdings, Inc., a global provider of cognitive technologies for the automotive and home ownership ecosystems, announced a definitive agreement to acquire 100 percent ownership of Enservio, Inc., a U.S. provider of SaaS-based software and services …

Business News: DRN, Vale Consulting Services, AIR Worldwide

DRN Offers Vehicle Search Feature to Carriers Texas-based Digital Recognition Network (DRN), a provider of vehicle location data and insights, now enables access of over 4 billion vehicle sightings. Through Event Links, insurance carriers can access the pictures functionality, for …