April 16th, 2013

Explosions - Boston Back Bay Area

Posted at 7:47 AM ET

boston1smallTwo explosions were reported in Boston yesterday. The explosions occurred in the Boston Back Bay area at about 2:45 PM EDT (18:45 UTC), on Monday April 15. The explosions occurred after winners had finished the Boston Marathon. One occurred near a sports store, and the other near a viewing stand near the finish line. Explosion locations were reported near 673 Boylston St, or near the intersection of Boylston and Exeter.

Streets have been reported to be littered with debris and blood. Early reports indicate at least two dead and twenty-three wounded, including severe injuries with severed limbs and severe burns. It is quite possible that these numbers will increase as new information comes in.boston1-big

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 GC Analytics®   representative for assistance or go to www.i-axs.info for further information.

Media reports indicate that the immediate area has been secured. Local transit has been discontinued in the affected area of Boston. The nearby Prudential Tower has been evacuated. The FAA has issued a no-fly order over the site under 3,000 ft. In the City of New York, police are stepping up security measures at prominent locations.

Media reports indicate that a senior U.S. intelligence official reported two more explosive devices found in the area; these were being dismantled by local authorities. At the time of this report, the exact cause of the explosions has not been ascertained, those responsible have not yet been identified, and the extent of damage has not yet fully come into focus.

It will of course take time for authorities to assemble and disseminate a focused understanding of this event and its impacts. Further detailed briefings will be released as meaningfully new information becomes available.

Sources: Associated Press, Reuters, CNN, Agence France Presse

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Guy Carpenter publishes 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.

Guy Carpenter compiles 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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