To get a preliminary view of risk within the wildfire-affected areas in California, Verisk used FireLine—our wildfire risk management tool – to analyze two of the largest…
Before this summer’s hurricanes Harvey and Irma broke the 11-year “drought” of major U.S. hurricane landfalls, most people probably thought that as many as six of the top…
The private U.S. property/casualty insurance industry saw its net income after taxes drop to $15.5 billion in first-half 2017 from $21.8 billion in first-half 2016—a 29.2…
As October approaches, so does the end of peak hurricane season. While the fourth quarter generally tends to be less active than peak season, insurers should still be…
On September 16, an AIR damage survey team headed to southwest Florida to conduct damage surveys following Hurricane Irma’s second U.S. landfall on Marco Island.
AIR estimates industry insured losses in the United States resulting from Hurricane Irma range from $20 billion to $40 billion. Note that these estimates are based on the…
Hurricane Harvey has profoundly disrupted drilling and refinery operations along the U.S. Gulf Coast, which sits at the center of the world’s petrochemical, refining, and…
AIR Worldwide estimates total property damage from Hurricane Harvey’s flooding at $65-to-$75 billion. Industry insured losses from wind, flood, and storm surge combined…
The cone of uncertainty graphically indicates the historical margin of error in the meteorologist’s forecast track for the center of a tropical cyclone.
AIR Worldwide provides update on Hurricane Harvey, Thursday, Aug. 31, 2017
Hurricanes like Harvey demonstrate exactly why private industry should be providing flood insurance. Private insurance is, at its core, meant to cover catastrophic…
There’s a lot of information one can gather on a building or commercial property. Regardless of the perils being considered, the more reliable and precise that…
The 2017 U.S. hurricane season is just starting up, so it’s a good time to take a look at how demand surge could impact losses this year.
Every week, you likely come across articles describing new research into the earth’s warming, or how certain cyclical effects are having an impact on the weather.
Insurers need to know where they’re losing money and address the leaks before suffering additional damage to their bottom line. Verisk's Portfolio Assessment services can…