Live Insurance News

Severe Cyclone Phailin Could be Worst Cyclone in 14 Years

October 11, 2013October 11, 2013 PR Article

BOSTON, Oct. 11, 2013 – According to catastrophe modeling firm AIR Worldwide, currently several hundred kilometers off of the eastern coast of India, Very Severe Cyclonic Storm Phailin is expected to make landfall on Saturday evening, local time, north of the city of Visakhapatnam. The storm is expected to severely impact areas in the states of Odisha and Andhra Pradesh. AIR expects significant damage from this event. Heavy to very heavy rainfall over large areas of Andhra Pradesh and Odisha, along with extremely heavy rainfall in some areas, will likely…

Hurricane Manuel Returns to Soak Northwestern Mexico: AIR Worldwide

September 20, 2013 Guest Author

According to catastrophe modeling firm AIR Worldwide, after rapidly dissipating on Monday night and being downgraded to a remnant tropical low, Manuel reformed and strengthened back to hurricane intensity on Wednesday. The re-formation was aided by a reduction in wind shear over the past two days, as well as by the storm having moved back over the warm ocean waters off the western coast of Mexico. Hurricane Manuel slowly drifted to the north-northwest at about 5 mph. This track, coupled with the storm’s slow forward speed, resulted in Manuel remaining…

Downgraded Tropical Storm Ingrid Makes Landfall on Mexico’s East Coast: AIR Worldwide

September 16, 2013 Guest Author

BOSTON, Sept. 16, 2013 – According to catastrophe modeling firm AIR Worldwide, Tropical Storm Ingrid had weakened from its Category 1 hurricane status by the time it made landfall near the small town of La Pesca on the eastern coast of Mexico between 6:00 and 7:00 a.m. CDT this morning. The National Hurricane Center’s 7:00 a.m. CDT Public Advisory reported that an Air Force Hurricane Hunter aircraft and radar imagery had confirmed that Ingrid had made landfall and that the storm’s wind speed had not increased in intensity as anticipated…

Tropical Cyclone Utor Slams Philippines, Heads Towards China’s Coast

August 13, 2013 Guest Author

According to catastrophe modeling firm AIR Worldwide, Typhoon Utor slammed into the northern Philippine island of Luzon on Monday, August 12, at around 3:00 pm local time (7:00 UTC) with 10-minute sustained winds of 175 km/h (109 mph, JMA), gusts of up to 210 km/h (130 mph, JMA), and waves up to 2.5 meters high. Utor’s strength at landfall was a Category 4 Super Typhoon, but it weakened to a Category 2 as it moved over the island. Once again over warm open waters of the South China Sea (with…

Floodwaters Inundate Southern Alberta; Cleanup Continues

June 29, 2013 Guest Author

According to catastrophe modeling firm AIR Worldwide, heavy rainfall from June 19 to June 21 caused serious flooding across Southern Alberta, notably in Calgary. Roads and bridges were washed away; notably, the Trans-Canada Highway was damaged by mudslides west of Calgary. As of June 28, power has been restored to much of Calgary, and the Trans-Canada Highway has been repaired west of Calgary. However, many buildings in the affected area still have flooded basements, and cleanup efforts are anticipated to continue for some time. According to AIR, starting the evening…

Heavy Rains Cause Record Flooding and Landslides across Central Europe: AIR Worldwide

June 4, 2013June 4, 2013 Guest Author

Europe insurance industry Flooding and Heavy Rains

According to catastrophe modeling firm AIR Worldwide, Central Europe has been inundated during the past several weeks with heavy and relentless rain, which has resulted in some of the worst floods seen in the area in more than 70 years. The floods have reached record levels, particularly in Germany, Austria, and the Czech Republic. Switzerland, Hungary, Slovakia, and Poland are also affected. The heavy rains are resulting in landslides in many mountainous areas, while in the floodplains, which were already saturated due to rains in previous weeks, river levels rose…

Hundreds of Homes Inundated as Floods Sweep Through the UK: AIR

November 27, 2012 Guest Author

BOSTON, Nov. 27, 2012 – According to catastrophe modeling firm AIR Worldwide, heavy rainfall began lashing the British Isles on Thursday, November 22, prompting hundreds of warnings and alerts. As of Tuesday, November 27 at 3 PM GMT, there were 182 flood warnings, two severe flood warnings, and 225 flood alerts in place, affecting virtually every region in England and Wales. The southwest areas of England, particularly the counties of Cornwall and Devon, have thus far borne the brunt of the rainfall, with some places recording over 150 mm of…