August 26th, 2010

Tropical Storm Earl

Posted at 1:23 PM ET

earl-smallTropical Storm Earl, the fifth named storm of the 2010 Atlantic hurricane season, developed at 21:00 UTC on August 25 and is currently located approximately 695 miles (1,120 kilometers) west of the Cape Verde Islands, according to the National Hurricane Center (NHC). Earl packs sustained winds of around 45 mph (75 kmph). The storm is traveling in a west-northwest direction and this general motion is expected to continue for the next 48 hours as the storm strengthens. The NHC said tropical storm-force winds extend 60 miles (95 kilometers) from the center of the storm.

Forecasters expect the storm to maintain its general course until August 29, when Earl is forecast to take a more northwesterly track. This route will see Earl continue to move across the mid-Atlantic and pass to the north of the Leeward Islands early next week. The official NHC prediction has Earl strengthening over the 5-day forecast range, with forecasters expecting the storm to intensify into a category 1 hurricane on August 28. Further strengthening is predicted thereafter as Earl moves into a favorable environment for intensification. Earl poses no immediate threat to land and it remains unclear at this stage whether the storm will impact the United States, Bermuda or the Caribbean. According to reports, computer models show the system eventually curving away from land but long-term forecasts are subject to change. Guy Carpenter will closely monitor Earl’s progress and update this report on August 27.

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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.

Sources: National Hurricane Center, WSI, Associated Press, Reuters 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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