According to catastrophe modeling firm AIR Worldwide, heavy rains have caused widespread flooding in France and Italy during the first week of November after a low pressure system that developed over the Mediterranean Sea moved northwards, bringing high levels of precipitation. The system responsible for the recent flooding in Italy and France began as an extratropical storm named “Rolf” and subsequently developed tropical characteristics over the warm waters of the Mediterranean. According to AIR, the flooding in Italy and France has been caused by a specific form of low-pressure system…
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Historic Flooding in Thailand, Disruptions Continue for Manufacturing and Supply Chain Activities
BOSTON, Nov. 9, 2011 – According to catastrophe modeling firm AIR Worldwide, historic flooding in Thailand continues to damage residential properties and has interrupted operations for numerous businesses. At the start of this year’s monsoon season in late July, Tropical Storm Nock-Ten brought high precipitation levels that swelled the Yom and Nan rivers in the north of Thailand, forcing the evacuation of 650,000 people. Since then, persistently heavy rains have caused serious flooding throughout the country, killing more than 500 people and severely affecting an estimated 2.5-3 million more in…
Read MoreThai floods bring insurance claim predictions to $13 billion
Bangkok is now facing the worst floods that it has seen in many decades, forcing hundreds of factories to keep themselves shut in around the city and impairing global supplies, in addition to leading to billions of dollars in insured losses. It is predicted that Japanese insurers will face the brunt of these claims. The flooding in the country is being caused by the slow runoff from the rainy season which is progressing southward from the plains located north of Bangkok. Over the last three months, there have been approximately…
Read MoreNew York farmers to get more aid from insurers after tropical storms
Farmers in New York will be getting some additional help from insurers after requests for financial aid were approved by Governor Andrew Cuomo. New York farmers have been struggling to recover from recent tropical storms that struck the East Coast. Tropical Storms Irene and Lee brought widespread flooding to the state, which caused damage to more than 320 farms. In some cases, these floods completely decimated crops, leaving farmers without a way to generate revenue. Governor Cuomo has approved a plan to distribute an additional $850,000 to more than 100…
Read MoreHeavy Rains Cause Flash Flooding in Ireland, Southwest England and Wales
According to catastrophe modeling firm AIR Worldwide, torrential rainfall has caused widespread disruption and damage on both sides of the Irish Sea, although the Dublin area has been the hardest hit. The flooding was triggered by an active frontal wave moving north to south through eastern Ireland. Flood waters have inundated Dublin and surrounding counties, forcing the evacuation of hundreds of homes and businesses. Sandbags were deployed in coastal regions as there were fears a late high tide would penetrate low-lying areas. Flooding backed up drainage systems and caused transportation…
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