We examine the economic demand surge following Hurricanes Harvey and Irma to see how they affected construction costs and market equilibrium.

At the midpoint of an already active 2008 hurricane season, AIR issued a white paper to provide an update on its original research on climatological influences on hurricane landfall risk. The white paper explains in detail AIR’s approach to creating a climate-conditioned view of U.S. hurricane risk and outlines a robust approach to catastrophe risk assessment using multiple views of the risk.

After the catalytic 2004 and 2005 hurricane seasons in the United States, the insurance industry wondered if a “new normal” was establishing itself in the Atlantic basin.

In October 2013, Cyclone Phailin struck near Golpapur on India’s east coast. While it was the strongest landfall in India in 14 years, insured losses were low because the storm affected a relatively sparsely populated region. This paper examines potential losses given alternate landfall scenarios, as well as the possible impact of storms stronger than Phailin.

In the aftermath of Hurricane Katrina in 2005, AIR released The Coastline at Risk: Estimated Insured Value of Coastal Properties. That report was updated in 2008; comparing its results to the 2005 report showed that the insured value of properties in coastal areas of the United States had grown at a compound annual rate of about 7%. This report represents a further update in 2013 and shows that, in the last five years, growth in insured values in coastal regions fell from 7% to just under 4% per annum.

This white paper discusses the demand surge perspective on European extratropical cyclones and uses the 1990, 1999, and 2007 seasons as case studies.

This brochure provides an overview of the AIR Hurricane Model for the United States, which provides companies with information about potential losses before they occur, along with the ability to differentiate risks at a granular level.

This brochure provides an overview of the AIR Tropical Cyclone Model for Hawaii, which captures the risk from tropical cyclone winds and implements a novel method for modeling simulated storm tracks. In addition, AIR engineers have developed wind damage functions for 71 different construction classes—including residential structures unique to Hawaii—that reflect regional construction practices, evolution of building codes, and historical tropical cyclone experience. The model also includes four Extreme Disaster Scenarios (EDS) to help companies prepare for large loss potential.

This brochure provides an introduction to the AIR Tropical Cyclone Model for Mexico, which features a basinwide catalog of simulated events to enable companies to assess risk to portfolios that span Mexico, the Caribbean, the United States and even the Gulf of Mexico (offshore assets). The AIR model incorporates a high-resolution flood module to estimate the severity of precipitation-induced flooding, the probability of which can be exacerbated by Mexico's mountainous terrain. The model explicitly accounts for the complex teleconnections between the El Niño-Southern Oscillation and Atlantic wind shear, appropriately reflecting the negative correlation between tropical storm genesis in the two basins.

This document describes the key advantages of the AIR Tropical Cyclone Model for Mexico, which is designed to meet the unique risk management needs of companies exposed to wind and precipitation-induced flood resulting from tropical cyclones impacting Mexico. The AIR model’s basinwide catalog covers Mexico as well as the U.S., the Caribbean, Central America, and U.S. offshore assets.