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Data and analytics company CoreLogic has provided an insurance market loss estimate for the flooding caused by hurricane Ida’s remnants in the northeastern states of the US, saying it will range from $5 billion to as much as $8 billion.

Catastrophe risk modeller RMS has provided the clearest view of the escalation in industry loss estimates for recent hurricane Ida, pegging the total onshore and offshore losses for the Gulf region at between $25 billion and $35 billion.

Estimates for insurance and reinsurance market losses from recent hurricane Ida are rising with the inclusion of damages from the storms remnants that occurred further north, according to analysts at Goldman Sachs.

AIR Worldwide has estimated that insurance and reinsurance industry losses to onshore property resulting from the wind and storm surge impacts of Hurricane Ida will be between $17 billion and $25 billion.

Risk modelling firm AIR Worldwide has released version 2.0 of its Touchstone catastrophe modelling platform. The new version includes the ability to account for both catastrophe and non-catastrophe risks in a single platform, providing a single view of exposures.

Dr. Jayanta Guin has been appointed executive vice president at AIR Worldwide, a member of the Verisk Insurance Solutions group at Verisk Analytics, according to an announcement from the catastrophe risk modelling firm.

Catastrophe risk modelling company AIR Worldwide has announced that it is integrating risk models and data from a number of third-party suppliers within its Touchstone risk modelling software platform.

Risk modeller AIR Worldwide has announced tha launch of updated versions of their European windstorm and European earthquake catastrophe risk models. The new versions of the models feature updates, include new data, cover new countries and AIR say provide “a consistent and comprehensive assessment of the extratropical cyclone and earthquake risk throughout Europe.”

Here’s a piece of news that you may not be expecting which has just broken and could hint at how the much discussed RMS risk model change may be reacted to by the ratings agencies. One tranche of USAA’s 2009 Residential Reinsurance 2009 Ltd. catastrophe bond has been downgraded due to an updated risk model, […]