BOSTON, Aug. 26, 2011 – According to catastrophe modeling firm AIR Worldwide, parts of the southeastern United States were already experiencing dangerous swells and rip tides yesterday as Hurricane Irene exited the Bahamas. Presently, ahead of Hurricane Irene’s forecasted arrival in North Carolina tomorrow, high waves and storm surge are beginning to impact the state’s Outer Banks. As of the National Hurricane Center’s (NHC) 11:00 am advisory, Irene-now a Category 2 storm (down from Category 3 status yesterday)-is 330 miles south-southwest of Cape Hatteras, North Carolina, tracking north at 14…
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AIR Worldwide Estimates Insured Losses in the Caribbean from Hurricane Irene at
BOSTON, Aug. 26, 2011 -AIR Worldwide estimates that insured losses in the Caribbean from Hurricane Irene will be between USD 500 million and USD 1.1 billion. AIR expects the Bahamas will account for more than 60% of the insured loss-between USD 300 million and USD 700 million. This estimate includes wind and precipitation-induced flood damage to insured onshore residential, commercial and industrial properties (and their contents), automobiles, and business interruption losses in the Bahamas, Puerto Rico, Dominican Republic, Turks and Caicos, and other Caribbean territories. Hurricane Irene has exited the…
Read MoreIrene Strengthens to Category 3 Hurricane as it Advances Into the Bahamas
BOSTON, Aug. 24, 2011 — As of the National Hurricane Center’s 8:00 am EDT advisory, Category 3 Hurricane Irene is battering the southern Bahamas with sustained winds of 115 mph. According to catastrophe modeling firm AIR Worldwide, Irene is currently 55 miles southeast of Acklins Island and 335 miles southeast of the capital Nassau. The storm is moving to the west-northwest at 9 mph. The center of the storm is headed directly for the Crooked and Acklins Islands, both sparsely populated (estimated population about 880 combined) and characterized by agriculture…
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