One of the Most Powerful Typhoons Ever Recorded Strikes Philippines

wind insurance

According to catastrophe modeling firm AIR Worldwide, Super Typhoon Haiyan, one of the most powerful tropical cyclones since modern record-keeping began, made  landfall at 5:00 a.m. local time on November 8, 2013 (21:00 UTC on November 7) near Guiuan, on the Philippine island of Samar. At that time, the Japan Meteorological  Agency (JMA) estimated a minimum central pressure of 895 millibars and maximum 10-minute sustained wind speeds of 266 km/h (165 mph). The Joint Typhoon Warning Center estimated maximum sustained wind speeds of 305 km/h (190 mph). According to AIR, since…

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

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…

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Typhoon Sanba Makes Landfall in South Korea: AIR

Typhoon Sanba

According to catastrophe modeling firm AIR Worldwide, Typhoon Sanba made landfall on September 17 just before noon local time (3:00 UTC) in South Gyeongsang Province on the southern coast of South Korea. Maximum sustained winds at landfall were around 150 km/h (equivalent to a Category 1 hurricane on the Saffir-Simpson Scale). Sanba subjected both South and North Korea to winds and heavy rains in its north-northeast trek across the peninsula, causing flooding and landslides, transportation service disruptions, and power outages. Significant insured losses in South Korea are not expected from…

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AIR Estimates Insured Losses from Typhoon Roke at Between JPY 12 billion (USD 150 million) and JPY 46 billion (USD 600 million)

BOSTON, Sept. 22, 2011 -Catastrophe modeling firm AIR Worldwide estimates insured losses from Typhoon Roke at between JPY 12 billion (USD 150 million) and JPY 46 billion (USD 600 million). Typhoon Roke, the 15th named storm of the 2011 Northwest Pacific typhoon season, made landfall near Japan’s Hamamatsu City in Shizuoka Prefecture at 2:00 pm local time (05:00 UTC) on September 21. Maximum sustained winds at landfall were 180 km/h, making Roke a strong Category 2 storm. Note that this is the same range announced for Typhoon Talas on September…

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