July 6th, 2015

GC Capital Ideas Most Recent CAT-I Stories For 2015

Posted at 1:00 AM ET

Here are the most recent CAT-i stories covering January through June of 2015.

1.  Tropical Storm Bill: Tropical Storm Bill made landfall at about 11:45 CDT (16:45 UTC) yesterday on Matagorda Island, Texas, according to the National Hurricane Center (NHC). Maximum sustained winds at landfall were 60 mph according to the NHC. Bill inflicted storm force winds, a storm surge of at least three feet and heavy rainfall to an area still saturated from the excessive rains of last month.

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2. U.S. Texas and Oklahoma Flooding: Another round of heavy thunderstorms and intense rainfall affected the Southern Plains over the weekend. This follows a month of excessive rainfall in the area, with frequent periods of organized and slow-moving intense thunderstorms. Widespread and severe flooding has affected many areas, including flash flooding in both the Houston and Dallas-Fort Worth areas. Many area rivers have yet to crest after the last round of heavy rainfall.

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3. 7.8Mw Earthquake - Lamjung, Nepal: Nepal experienced a magnitude 7.8 earthquake on April 25, followed by two major aftershocks on April 25 and 26 of magnitude 6.6 and 6.7, respectively, according to the U.S. Geological Survey (USGS). Media reports indicate at least 5,582 fatalities, 11,200 injuries, and at least eight million people affected. Infrastructure and transportation routes have been severely disrupted and food and water shortages are of great concern. The USGS PAGER service estimates most probable economic losses between USD1 and USD10 billion. It is clear from media reports that impacts have been widespread and of excessive severity and our first thoughts and concerns are with the millions affected by this tragic event.

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4. Winter Storm - January 26 - 28, 2015: The intense coastal storm is now clearing Atlantic Canada and steadily weakening. Blizzard and winter storm warnings have been discontinued, although winter weather advisories remain for select areas of New England. This storm lived up to expectations as an intense, impactful, and historic coastal storm, despite challenges on the forecast track and the especially sharp edge of the snow shield. Blizzard conditions with snowfall amounts of two to three feet affected a widespread area of New England and wind gusts exceeded hurricane force in some areas. The strong winds also produced a storm surge with greatest severity to coastal Massachusetts.

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