Tag: damage from flooding

Typhoon Nari Makes Landfall South of Baler, Luzon, in the Philippines

PR Article
Typhoon Nari

BOSTON, Oct. 11, 2013 – According to catastrophe modeling firm AIR Worldwide, as of 18:50 October 11, 2013 UTC (2:50 October 12, 2013 PHT; 14:50 October 11, 2013 EDT), Typhoon Nari (Santi) made landfall just south of Baler, Luzon, as a Category 1 storm with a central pressure of 975 mb, sustained (10-minute) wind speeds of 120 km/h, and gusts reaching 176 km/h. A radius of 93 km/h winds extends 90 km from the storm’s center. This area is sparsely populated; the only communities in the vicinity are Baler and…

Read More

AIR Worldwide Reports from Areas Affected by Sandy

Guest Author
Hurricane Sandy Damage flood Insurance surcharge

According to catastrophe modeling firm AIR Worldwide, Sandy’s diameter made it the largest Atlantic hurricane on record in terms of the span of tropical storm-force winds. The huge radius helped to keep the winds at Category 1 intensity and allowed the storm to interact with a system from the west that resulted in severe weather across a wide swath of the eastern United States. This week two AIR teams were deployed to survey damage in New York and New Jersey. Commentary in this report provide an initial glimpse into the…

Read More

AIR Estimates Insured Losses in the U.S. from Hurricane Isaac of between USD 700

Guest Author
windstorm xaver insurance news

Hurricane Isaac Damage Report: Catastrophe modeling firm AIR Worldwide estimates that insured losses from Hurricane Isaac to onshore properties in the U.S. will be between USD 700 million and USD 2 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their contents, automobiles, and time element coverage (additional living expenses for residential properties and business interruption for commercial properties). “Isaac made two separate landfalls, both as a Category 1 hurricane,” said Dr. Tim Doggett, principal scientist at AIR Worldwide. “The first occurred…

Read More