August 25th, 2009

Update: Hurricane Bill

Posted at 4:00 PM ET

small-hurricane-bill-update-landfallHurricane Bill lost tropical cyclone characteristics on August 24, 2009 as it moved further north in the Atlantic Ocean in an east-northeast direction. Forecasts suggest the remnants of Bill could hit parts of Ireland and the United Kingdom on August 26. Bill made landfall in Canada’s Newfoundland as a weak Category 1 hurricane on August 23 local time, bringing powerful winds and heavy rain to the area. Reports said parts of southeastern Newfoundland were hit by hurricane-force wind gusts and nearly the entire province was subjected to tropical storm-force winds. Residents in the town of Placentia were evacuated as officials warned that flooding associated with high tides could hit the southeast coast. There have been no immediate reports of damage or casualties in Newfoundland and eastern Canadian oil producers and refiners said their operations were largely unaffected by Bill.

Earlier, Bill brushed Nova Scotia as it moved into Canada. Reports said the storm brought strong winds and heavy rain to the province, forcing flight cancellations in the provincial capital of Halifax and temporary road closings due to localized flooding. Officials also said some tree branches were downed in Halifax and ferry services between Nova Scotia and Newfoundland were suspended. Around 38,000 households lost power, but no major damage has been reported in the province.

hurricane-bill-update-landfall

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.

Prior to hitting eastern Canada, Bill passed between Bermuda and the U.S. east coast on August 22 as a Category 2 hurricane, tracking around 150 miles (240 kilometers) east of New England coastline. Although the strongest winds remained offshore, and no major damage was reported, waves generated by Bill were blamed for two deaths on the east coast (in Maine and Florida). The storm also delayed or halted ferry services from New York to Maine, and kept many beaches closed. In Bermuda, meanwhile, tropical storm-force winds hit the British territory and flooding was reports in parts of the islands. However, officials reported Bermuda also escaped with no major damage.

Read the previous update on Hurricane Bill >>

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

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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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