Live Insurance News

Carlotta Makes Landfall and Dissipates over Mexico’s Mountainous Terrain

June 17, 2012 Guest Author

Insurance News – Primary Threat from Flooding and Landslides: AIR BOSTON, June 17, 2012 – According to catastrophe modeling firm AIR Worldwide, Hurricane Carlotta came onshore Friday night as a Category 1 storm near the Oaxacan town of Puerto Escondido (est. pop. 26,000 in 2010), about 200 miles southeast of Acapulco. According to the National Hurricane Center (NHC), maximum sustained winds were 90 mph at landfall. Given the currently available information, AIR does not expect significant insured losses from Carlotta, the third named storm of the Pacific hurricane season. “Carlotta was…

Tips for getting your home ready for the upcoming spring storms

March 24, 2012April 30, 2013

The spring storms are on their way, and if there’s anything that could be learned from the record breaking natural events that occurred last year, it was that it’s very important to be prepared for their arrival. Though there’s nothing that you can do to stop the storms, there are a few precautions that you can take to give you some peace of mind when the big storm strikes. As a reminder, Spring Severe Weather Awareness Week is running from March 25 to March 30, spreading the word about the…

“Superstorm” strikes Alaska – Severe damage from wind and floods expected by insurers

November 10, 2011November 10, 2011 Marc

The National Weather Service has issued a warning to Alaska for what it is calling “The Bering Sea Superstorm” The storm made landfall in the Western parts of the state earlier today, bringing powerful waves and hurricane-force winds. The National Weather Service fears that the storm may cause extensive damage to coastal properties as well as power outages throughout the state. Alaska’s insurance industry will likely be busy for the remainder of the year as it attempts to recover from the event. According to the NWS, winds of 89mph and…

Hurricane Rina Continues to Intensify, Yucatan Landfall Expected Later This Week

October 26, 2011 Guest Author

BOSTON, Oct. 25, 2011 – According to catastrophe modeling firm AIR Worldwide, Hurricane Rina, the 17th named storm and the 6th hurricane of the 2011 Atlantic hurricane season, is on course toward the resort-lined coast of Mexico’s Yucatan Peninsula. The Category 2 storm has caused widespread disruption to cruise itineraries in the Caribbean, and the Mexican government has issued a hurricane warning for the east coast of the Yucatan Peninsula from Punta Gruesa to Cancun. Officials have initiated widespread storm preparations. Rina is not expected to affect oil and gas…

Three storms in the Atlantic have insurers and storm watchers worried

September 9, 2011September 9, 2011 Marc

As the hurricane season continues its slow march, new storms are appearing in the Atlantic Ocean, spurring concerns that this season may make good on the promise of unusually high activity. The National Hurricane Center has been tracking Hurricane Katia for a number of weeks as it has hovered just off the East Coast, fluctuating between hurricane status and that of a tropical storm. Two new storms have sprouted in the Atlantic and the Gulf of Mexico, and both have storm watchers worried. At present, Katia is designated as a…