AIR Estimates Insured Losses from Tropical Storm Talas to Be Between 150 million and 600 million

BOSTON, Sept. 7, 2011 — Catastrophe modeling firm AIR Worldwide estimates that insured losses from Tropical Storm Talas will be between JPY 12 billion (USD 150 million) and JPY 46 billion (USD 600 million). Talas is the season’s 12th named storm, the seventh severe tropical storm and the fifth typhoon of the 2011 Pacific typhoon season. “Tropical Storm Talas came ashore at Kochi Prefecture on Japan’s Shikoku island-the smallest and least populated of the country’s four main islands-at roughly 6 am local time Saturday, September 3,” said Dr. Peter Sousounis,…

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Tropical Storm Nanmadol Poised for China Landfall after Battering Taiwan and Philippines

BOSTON, Aug. 30, 2011 – According to catastrophe modeling firm AIR Worldwide, Tropical Storm Nanmadol is moving slowly at about 3.2 km/h across the Taiwan Strait toward a landfall in China’s Fujian province sometime in the next 12 hours. Nanmadol’s current sustained winds are at about 85 km/h, having weakened to tropical storm strength after it made a landfall on southernmost Taiwan early Monday morning local time as a Category 1 typhoon. Nanmadol currently is heading toward Xiamen, Fujian’s second-largest city (population 1.5 million, 2010). As of the Japan Meteorological…

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