catastrophe modeling firm News

Tropical Cyclone Nilam Makes Landfall Near Chennai, India: AIR

According to catastrophe modeling firm AIR Worldwide, Tropical Cyclone Nilam began crossing the Tamil Nadu coast at about 4:30 PM local time with maximum wind speeds of about 80-90 kilometers per hour, gusting to 100 km/h. Landfall took place about …

Insured Losses from Sandy Estimated Between $7-$15B: AIR

Catastrophe modeling firm AIR Worldwide estimates that insured losses from Sandy to onshore properties in the U.S. will be between $7 and$15 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their …

Powerful Earthquake Off British Columbia Causes Little Damage: AIR

According to catastrophe modeling firm AIR Worldwide, a powerful 7.7 magnitude earthquake struck off British Columbia’s north-central coast, shaking regions as far away as Edmonton and Yukon. According to the United States Geological Survey, the earthquake, which struck at a …

Category 2 Hurricane Sandy Exits Cuba on Course for Bahamas: AIR

With maximum sustained winds of 105 mph, Sandy is now a Category 2 hurricane on the Saffir-Simpson Scale, up from tropical storm strength at this time yesterday but diminished in strength since its landfall in Cuba late last night, according …

Hurricane Rafael Bypasses Bermuda: AIR

According to catastrophe modeling firm AIR Worldwide, Rafael became the season’s 9th hurricane on Monday after tracking through the Leeward Islands. The storm then bypassed Bermuda late Tuesday evening. As of the National Hurricane Center’s (NHC) 5:00 AM EDT advisory, …

2012 Hurricane Season Thus Far

Thus far, the 2012 Atlantic hurricane season that is about at its midpoint has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS), the current hurricane season has been active: …