Meteor Blast Impacts Russia: AIR Worldwide

February 16, 2013February 16, 2013 Guest Author

According to catastrophe modeling firm AIR Worldwide, on Friday, February 15, a meteor exploded over the city of Chelyabinsk (population: 1 million) in Russia’s central Ural Mountains, injuring hundreds and causing damage to buildings in six cities. According to the Russian Academy of Sciences, the massive meteor weighed 10 tons and entered the earth’s atmosphere at a speed as high as 33,000 mph. Most of the damage was caused by the shock waves as the meteor broke up in the atmosphere. The force of the explosion was enough to shatter…

Alabama falls victim to yet another outbreak of tornados this week – estimated cost of disaster at $30 million

January 27, 2012May 5, 2013

Birmingham, Alabama, was hit by strong winds and a number of tornados earlier this week that caused extensive damage to homes and businesses. The city was not the only place that fell prey to disaster, however, as the storms made their way throughout much of the state. Risk modeling firm EQECAT originally estimated that the disasters could cost insurers $15 million. After surveying the extent of damage, the firm has revised that estimation to $30 million. A total of ten tornados formed early Monday morning, causing havoc and alarming unprepared…