AIR Estimates Losses from European Windstorm Xaver at Between EUR 700 Million and EUR 1.4 Billion

BOSTON, Dec. 12, 2013 – Catastrophe modeling firm AIR Worldwide estimates that insured wind losses from Extratropical Cyclone Xaver will range between EUR 700 million and EUR 1.4 billion, with the majority of the losses in Denmark, Germany, and the UK. Losses also occurred in the Netherlands, Belgium, Sweden, and Norway. The strong extratropical cyclone (ETC) known as Xaver came ashore on Thursday, December 5, in Scotland with wind speeds comparable to those of a Category 1 hurricane. It then headed south and moved across the North Sea to the…

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Tropical Storm Gabrielle Buffets Bermuda, First Hurricane of 2013 Season Forms: AIR

Windstorm Insurance

BOSTON, Sept. 11, 2013 – According to catastrophe modeling firm AIR Worldwide, one day after regenerating into a tropical storm after fizzling in the Caribbean last week, Gabrielle’s center came within 65 km (40 miles) west-southwest of Bermuda this morning. As of the National Hurricane Center’s (NHC) 11 a.m. AST advisory today, Gabrielle was about 90 km (55 miles) west of Bermuda and has moved little over the past few hours. “The storm’s maximum sustained winds weakened to 80 km/h (50 mph), although tropical storm force wind gusts could continue…

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Hurricane Jova Heads Toward Mexico

According to catastrophe modeling firm AIR Worldwide, Jova, the ninth hurricane of the eastern Pacific season and the tenth named storm is 250 miles southwest of the port city of Manzanillo (population 100,000) in the state of Colima, Mexico. As of the National Hurricane Center’s 8:00 a.m. PDT advisory today, the storm is tracking east at 5 mph. Having undergone significant intensification overnight, maximum sustained winds are now 125 mph with higher gusts. “The storm is a significant threat because it is slow-moving, and the potential exists for major flooding…

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Magnitude 5.8 Earthquake Strikes Virginia and Rattles the Eastern United States

According to catastrophe modeling firm AIR Worldwide, the largest earthquake to strike Virginia in more than a century rattled buildings in downtown Richmond and caused evacuations across the east coast today. A strong earthquake struck at 17:51 UTC (1:51 p.m. local time) near Mineral, Virginia, a town with a population of about 500. The epicenter was about 40 miles northwest of the state capital, Richmond, and about 83 miles southwest of Washington, DC. The USGS issued a preliminary magnitude estimate of 5.8, revised it upward to 5.9, and subsequently downward…

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