August 19th, 2009

Update: Hurricane Bill

Posted at 1:00 PM ET

copy-of-hurricane-bill-updateHurricane Bill is located approximately 460 miles (740 kilometers) east of the Leeward Islands and packs sustained winds of around 135 mph (215 kmph), according to the National Hurricane Center (NHC). The storm is travelling in a west-northwest direction and a gradual turn to the northwest is expected over the next day or two. On this track, Bill is expected to pass well to the northeast of the Leeward Islands. The NHC said hurricane-force winds extend 45 miles (75 kilometers) from the centre of the storm while tropical storm-force winds extend 175 miles (280 kilometers).

Bill has strengthened into a Category 4 hurricane over the last 24 hours, becoming the first major Atlantic hurricane of the 2009 season. Forecasts suggest Bill will continue to strengthen over the next 48 hours as the storm moves in a more northwesterly direction. The storm is then expected to take a more northerly route that will see it veer away from the east coast of the United States and possibly head towards Bermuda. Current forecasts suggest Bill will pass to the west of Bermuda, but the island may still be impacted by the storm. Forecasters advised residents in Bermuda to monitor Bill but added it is still too early to determine the extent to which the hurricane could impact the island.

hurricane-bill-update

Hazard data illustrated in the CAT-i map was taken from i-aXs®, Guy Carpenter’s web-based risk management platform. i-aXs users can view impacted areas on any map as well as see how their portfolios were affected. Please contact your broker or Instrat® representative for assistance or go to www.i-axs.info for further information.

Read the previous update on Hurricane Bill >>

Sources: National Hurricane Center, WSI, Associated Press, Reuters News, Agence France Presse

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Guy Carpenter’s Instrat® department provides CAT-i reports for major natural catastrophes worldwide. These reports cover catastrophes including worldwide tropical cyclones, earthquakes, major UK and European floods and any other natural event that is likely to incur a significant loss to the (re)insurance industry. Please email CAT.i@guycarp.com if you wish to be added to the free email distribution list.

Instrat also provides RISK-i reports for major technological or man-made events worldwide. These reports cover risks to property, transport and life including explosions, fires, crashes, engineering disasters and terrorist attacks that are likely to incur a significant loss to the (re)insurance industry. Please email RISK.i@guycarp.com if you wish to be added to the free email distribution list.

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