August 21st, 2009

Update: Hurricane Bill

Posted at 10:30 AM ET

small-hurricane-bill-update-3Hurricane Bill is located approximately 425 miles (680 kilometers) south of Bermuda and packs sustained winds of around 120 mph (195 kmph), according to the National Hurricane Center (NHC). The storm is travelling in a northwest direction and a gradual turn to the north-northwest is expected later today. On this track, Bill is expected to pass between Bermuda and the east coast of the United States on August 22, 2009. The NHC said Bill is a large cyclone with hurricane-force winds extending 115 miles (185 kilometers) from the centre of the storm and tropical storm-force winds extending 290 miles (465 kilometers).

A tropical storm warning and hurricane watch are in effect for Bermuda. The NHC said Bill could produce two to four inches (50 to 100 millimeters) of rain in Bermuda, with up to six inches (150 millimeters) possible in some areas. Significant coastal flooding is expected along parts of Bermuda’s coastline over the next two days due to large and dangerous breaking waves generated by Bill. The NHC also states that large swells generated by the hurricane are affecting Puerto Rico, Hispaniola, the Bahamas and Bermuda and waves are likely to hit the eastern U.S. coast within the next 24 to 48 hours.

hurricane-bill-update-3

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.

Bill has maintained its Category 3 status over the last 12 hours as it tracks across the Atlantic to the south of Bermuda. Forecasts indicate that Bill will pass between Bermuda and the U.S. east coast as a Category 3 hurricane over the next day or two, bringing heavy rain and tropical storm-force winds to the British territory. After passing to the west of Bermuda, Bill is expected to gradually weaken and take a more northerly track that will see it remain over the open waters. Thereafter, current forecasts suggest Bill will veer to the northeast on a route that will see it skirt Nova Scotia in Canada and make landfall in the Newfoundland as a Category 1 hurricane.

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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