AIR Worldwide

Not quite the anniversary you had in mind

Marking a 25th anniversary in the rolling hills of Northern California wine country sounds appealing — unless you commemorate that event with a 6.0-plus magnitude earthquake. On August 24, one hit north of San Pablo B...

Hard lessons from the Napa, California, earthquake

The ALERT™ (AIR Loss Estimates in Real Time) sent  by AIR Worldwide, our fellow Verisk Analytics business, regarding the Napa, California, earthquake on August 26 really struck home for me. The initial report and...

Catastrophe Modeling for Cat Bonds

When a company is structuring a catastrophe bond, it's free to choose whichever modeling agent it deems best. As part of the evaluation process, the company doesn't take model results at face value, but instead places...

5 Cat Bond Market Milestones in 2012

This year may be one of the most active in the history of the catastrophe bond market, but the headline issuance number is just the first noteworthy aspect. The sector has reached several major milestones in 2012, all...

High Cat Bond Issuance Highlights Their Growing Importance

No longer are catastrophe bonds a specialized niche market; they've become a standard part of the risk transfer strategies of many insurers and reinsurers. This year's issuance statistics convincingly reflect that...

ISO’s Enhanced Wind Rating Program is here

On October 1, ISO launched our Enhanced Wind Rating Program, a commercial property rating program for the wind peril. You can find all the details on the program in the press release and on the Enhanced Wind Rating...

Making Sense of the Verisk Organizational Changes

With the recent branding and organizational changes at Verisk Analytics, I thought it would be a good time to catch up with Verisk Chief Marketing Officer Christopher H. Perini to get his perspective on questions...

Modeling Wind Risk for Commercial Properties

Commercial property presents quite a challenge for predictive modelers: How can we rely on models that implicitly assume some degree of homogeneity among risks when we’re dealing with a heterogeneous risk pool of...