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Dr. Peter Sousounis
Expected insured losses from present-day Hurricane Andrew would total US$56 billion: AIR Worldwide
August 21, 2017 by Canadian UnderwriterIf Hurricane Andrew were to occur today, 25 years after its original landfall, the expected total industry insured losses (based on today’s exposures) would be approximately US$56 billion in the United States, catastrophe risk modelling firm AIR Worldwide reported on…
Earth likely to see increase in frequency and intensity of storms, wildfires and flooding: AIR Worldwide
July 5, 2017 by Canadian UnderwriterThe earth is likely to see an increase in the frequency and intensity of weather phenomena, including severe thunderstorms, wildfires, inland floods and coastal flood, according to projections from catastrophe risk modelling firm AIR Worldwide. The projections were contained in…
Insured losses in mainland China from Typhoon Meranti between US$650 million and US$1.15 billion: AIR
September 30, 2016 by Canadian UnderwriterCatastrophe modelling firm AIR Worldwide is estimating insured losses in mainland China from Typhoon Meranti earlier this month at between US$650 million and US$1.15 billion. Typhoon Meranti experienced rapid intensification on Sept. 11-12, with wind speed increasing more than 150…
Meranti southeast China’s most powerful typhoon in decades
September 16, 2016 by Canadian UnderwriterAlthough Typhoon Meranti weakened significantly as it approached China, it still came ashore with a central pressure of 940 mbar, the equivalent of a Category 4 hurricane – the strongest typhoon in the region since 1949, according to catastrophe modelling…