October 5th, 2017

GC Capital Ideas CAT-i Stories: Third Quarter, 2017

Posted at 4:00 AM ET

Here is a look back at the CAT-i stories covering July through September of 2017.

1. Hurricane Irma: Hurricane Irma was a large and destructive storm that rendered impacts to most of the Southeast United States including the Florida Keys as well as areas of the Caribbean. Impacts for areas of the Northern Leeward Islands and the Virgin Islands, as well as northern Cuba have been especially severe. For the United States, the most severe impacts have been in the Florida Keys due to both wind and storm surge, with flood impacts as far away as coastal Georgia and northeast Florida. Wind impacts extend from Tennessee to the Carolinas to Florida. At least 67 fatalities have been reported.

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2. Hurricane Harvey: Following initial landfall, Hurricane Harvey continued to meander over southeast Texas while weakening to tropical storm status due to land interaction. Harvey then briefly emerged over the Gulf of Mexico before turning to the northeast and making a third landfall near Cameron, Louisiana, early Wednesday morning as a tropical storm. Harvey has since continued to move to the north-northeast and weakened further due to land interaction and dry air. The National Hurricane Center (NHC) downgraded Harvey from tropical storm to tropical depression status at 8 p.m. EDT on August 30, and discontinued tropical storm warnings at that time.

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3. Hurricane Maria: Hurricane Maria has affected areas of the Caribbean as a severe Category 4 or 5 hurricane, rendering severe damage due to wind and flood to areas including Dominica, Saint Croix and Puerto Rico. At least seventeen fatalities have been reported by media along with 20 missing and these numbers may rise as the most severely damaged areas become accessible. Severe to complete damage has been reported in Dominica. Variable damage to property and infrastructure has been reported in Puerto Rico, and power and drinking water have been compromised, with media reports that the entire island is without power.

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4. 8.1 Mw Earthquake Near Pijijiapan, Mexico: A magnitude (Mw) 8.1 earthquake struck in the Pacific Ocean southwest of Pijijiapan, Mexico, according to the U.S. Geological Survey (USGS). The quake occurred at 11:49 p.m. local time (04:49 UTC).

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5. 7.1 Mw Earthquake Near Raboso, Mexico: A magnitude (Mw) 7.1 earthquake struck near Raboso, Mexico yesterday, according to the U.S. Geological Survey (USGS). The quake occurred at 1:14 p.m. local time (18:14 UTC), with Mexico City approximately 122 kilometers (75.9 miles) southeast of the epicenter.

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