September 13th, 2010

Update: Hurricane Igor

Posted at 9:13 AM ET

igor2-smallIgor has rapidly strengthened into a powerful category 4 hurricane, with the center of the storm located approximately 940 miles (1,515 kilometers) east of the northern Leeward Islands, according to the National Hurricane Center (NHC). Igor is currently packing sustained winds of 150 mph (240 kmph) and is moving in a westerly direction at around 13 mph (20 kmph). A turn to the west-northwest with some decrease in forward speed is expected to occur over the next 12 to 24 hours. The NHC said hurricane storm-force winds extend 40 miles (65 kilometers) from the center of the storm while tropical storm-force winds extend 175 miles (280 kilometers).

Forecasters expect Igor to take a more northwesterly track over the next few days and curve away from the northern Leeward Islands later this week. Igor has undergone rapid intensification over the last 24 hours and the NHC said the storm could become a category 5 hurricane today. Some fluctuation in intensity is likely over the NHC 5-day forecast range as Igor continues to move across the mid-Atlantic, but the storm is expected to remain a powerful hurricane during this time. Igor poses no immediate threat to land and it remains unclear at this stage whether the storm will impact the United States or Bermuda. According to reports, computer models show the storm eventually curving away from the U.S. East Coast but long-term forecasts are subject to change. Guy Carpenter will continue to closely monitor Igor’s progress over the coming days.

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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, Agence France Presse, 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.

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.

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