Tropical Cyclone Rusty Makes Landfall; Brings Strong Wind Gusts

Tropical Cyclone Rusty1

According to catastrophe modeling firm AIR Worldwide, with 1-minute sustained winds of 136 km/h and gusts to 170 km/h, Tropical Cyclone Rusty came ashore as a severe… tropical cyclone-a category 3 storm by the Australian system of cyclone classification (approximately equivalent to a category 1 storm on the U.S. Saffir-Simpson Scale). Rusty made landfall in Pardoo, which is located approximately 110 kilometers east northeast of Port Hedland. Rusty is weakening as it moves further inland, but still wind gusts of 165 km/h were expected near the center of the storm…

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Amlin releases new estimates for catastrophe losses

Amlin Plc, a UK and Lloyd’s insurance company, gave a presentation to analysts in order to provide its most recent estimates regarding its catastrophe losses as a result of major events this year.  At that meeting, they announced that their estimations had reached approximately $50 million in their net claims resulting from the two serious American tornadoes that occurred in April and May of this year.  They also stated that their estimations regarding the earthquake claims from the events in Japan and New Zealand “remain subject to uncertainty.” They added…

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