More than a month has passed since Tropical Storm Lee made landfall on the East Coast and FEMA is still fielding complaints regarding insurance. The September storm brought flooding in states along the Gulf Coast and continued North until it reached New York. To date, the damage caused by the storm is estimated to be more than $250 million. The storm caused damage to homes, much of which comes from flooding, putting the event on dodgy insurance territory. Most homeowners do not have flood insurance, especially those living in areas…
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AIR Estimates Insured Losses Will Be Less than MXN 700 Million (USD 52 Million)
BOSTON, Oct. 13, 2011 — According to catastrophe modeling firm AIR Worldwide, after, striking a sparsely populated stretch of Mexico’s Pacific coast on October 11 as a Category 2 hurricane, Jova weakened as it traveled inland towards the north, dissipating late last night over the state of Nayarit. Because it was a small storm and weakened to tropical storm strength within 12 hours of landfall, damage from Jova’s winds has been limited. AIR estimates insured losses from flood-induced damage, as well as from some isolated wind damage along southern coastal…
Read MoreHurricane Jova Makes Landfall on Mexico’s Southwest Pacific Coast; Has Since Decreased to Tropical Storm Strength
BOSTON, Oct. 12, 2011 – According to catastrophe modeling firm AIR Worldwide, Hurricane Jova made landfall as a Category 2 storm in a sparsely populated stretch of the Mexican state of Jalisco, near the town of Chamela at 23:00 local time yesterday (6:00 UTC today). Maximum sustained winds at landfall were nearly 100 mph, as originally forecast. High waves and heavy rain were also reported. “Today, Jova’s most significant threat is that from precipitation; even prior to making landfall, Jova’s outer rain bands brought heavy rainfall to Mexico’s southwest coast,”…
Read MoreTyphoon Roke Moves Offshore after Passing Near Tokyo And Bringing Heavy Rainfall
BOSTON, Sept. 21, 2011-According to catastrophe modeling firm AIR Worldwide, after crossing over more than 350 kilometers of the main Japanese island of Honshu,Typhoon Roke, the 15th named storm of the 2011 Northwest Pacific typhoon season, has moved out to sea and is currently headed toward the Kuril Islands, northeast of Hokaido. Roke passed to the west of Tokyo early yesterday evening local time. “Roke made landfall about 250 kilometers southwest of Tokyo in Shizuoka Prefecture near Hamamatsu City at about 2:00 pm local time,” said Dr. Peter Sousounis, principal…
Read MoreTyphoon Roke Heads for Japan
BOSTON, Sept. 20, 2011 – According to catastrophe modeling firm AIR Worldwide, while still reeling from the effects of Typhoon Talas last month, more than a million people were evacuated in central and western Japan in advance of Typhoon Roke’s arrival in Japan. Roke formed on September 10 to become the 15th named storm of the 2011 Northwest Pacific Typhoon Season. The storm is currently being steered around the western boundary of a nearly stationary subtropical ridge. The eye of Roke, which has become less organized over the last few…
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