New Orleans International Airport Archives

AIR Estimates Insured Losses in the U.S. from Hurricane Isaac of between USD 700

August 31, 2012 Guest Author

Hurricane Isaac Damage Report: Catastrophe modeling firm AIR Worldwide estimates that insured losses from Hurricane Isaac to onshore properties in the U.S. will be between USD 700 million and USD 2 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their contents, automobiles, and time element coverage (additional living expenses for residential properties and business interruption for commercial properties). “Isaac made two separate landfalls, both as a Category 1 hurricane,” said Dr. Tim Doggett, principal scientist at AIR Worldwide. “The first occurred…

Tenacious Isaac Continues to Deliver Heavy Precipitation to Louisiana

August 30, 2012August 31, 2012 Guest Author

BOSTON, Aug. 30, 2012 – According to catastrophe modeling firm AIR Worldwide, by 1:00 p.m. CDT this afternoon, August 30, Tropical Storm Isaac was continuing to move slowly northwestward over northern Louisiana producing heavy rains, gusty winds, and high water levels along the northern Gulf coast. The storm, which remains very large, slowly continues to weaken. However, 36 hours after initial landfall, maximum sustained winds as reported by the National Hurricane Center (NHC) are still 40 mph. The storm is expected to continue weakening gradually and it will likely be…