March 18th, 2010
Posted at 9:55 AM ET
GC ForeCat is a product developed by Guy Carpenter in collaboration with WSI Corporation, the world’s leading provider of weather-driven business solutions, that provides pre-season hurricane landfall forecast rates for different regions in the United States. GC ForeCat revolutionises hurricane forecasting by estimating the rate of landfall for regions along the US coastline. Four different regions (Gulf, Florida, Southeast and Northeast - see Figure 1) are derived with associated likelihood of tropical cyclones making landfall in each area. Monthly updates are anticipated up to and including May.
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Category: Property
Tagged: CAT-i, Catastrophe, GC ForeCat, Hurricanes, i-aXs, Instrat
March 8th, 2010
Posted at 6:38 PM ET
A super cell thunderstorm battered Melbourne and its suburbs on March 6, causing severe damage to homes, businesses and vehicles from Flemington to Ferntree Gully. The storm system brought winds of up to 100 kmph (60 mph) to the region and dumped hailstones that measured around 100 mm (4 inches) in diameter, according to the Australian Bureau of Meteorology (BoM). Flash flooding was also reported as up to 45 mm (1.8 inches) of rain fell in around 30 minutes. Reports said Melbourne’s entire metropolitan area was hit by the severe weather, with officials saying the city’s eastern and southeastern areas were particularly badly affected, including Ferntree Gully, Knox, Lysterfield and Scoresby. The western suburbs of Melton and Essendon were also badly hit. No deaths or serious injuries were reported.
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Category: Property
Tagged: Australia, CAT-i, hail, Instrat
March 8th, 2010
Posted at 9:48 AM ET
A powerful Atlantic storm named Xynthia battered western Europe with hurricane-force winds, surging seas and driving rain on February 27 and 28, causing widespread property damage and severely disrupting transport networks and infrastructure. The most severe damage was predominantly seen in western France, though disruption was reported across several countries in western Europe. Reports said at least 64 people were killed across France, Germany, Spain, Portugal and Belgium, and more than 1 million households lost power at the height of the storm. At least 53 of the fatalities occurred in France, which was the country worst-affected by the windstorm.
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Category: Property
Tagged: CAT-i, Instrat, Windstorm
March 5th, 2010
Posted at 12:53 PM ET
A massive earthquake struck off the coast of Maule in Chile at 06:34 UTC on February 27(03:34 local time), causing severe damage across of the country and claiming up to 800 lives in Chile’s biggest earthquake for around 50 years. The earthquake, measuring 8.8 Mw, was located 60 miles (100 kilometers) north-northwest of Chillan and 205 miles (330 kilometers) southwest of Santiago, according to the US Geological Survey (USGS). The USGS added that the quake was centered about 21.7 miles (35 kilometers) underground and was felt in Argentina. This is the joint fifth largest earthquake ever to be recorded, according to the USGS. Around 200 aftershocks have hit the region since the main earthquake, the most powerful at 6.9 Mw.
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Category: Property
Tagged: CAT-i, Catastrophe, Chile, Earthquake, Instrat
March 4th, 2010
Posted at 9:46 AM ET
A strong earthquake struck southern Taiwan at 0:18 UTC earlier today, causing minor damage and disrupting transport. The earthquake, measuring 6.4 Mw, was located 25 miles (40 kilometers) west-northwest of Taitung and 40 miles (60 kilometers) east-southeast of Tainan, according to the US Geological Survey (USGS). The USGS added that the quake was centred about 14.4 miles (23.1 kilometers) underground. Fifteen aftershocks have been recorded following the main earthquake, reports said. The USGS said more than 3.1 million people live in areas impacted by a Modified Mercalli Intensity (MMI) of V or higher (see Table 1 below), equivalent to moderate shaking with the potential for light damage. This number includes the 765,000 people living in the city of Tainan, the USGS said. No tsunami alert was issued.
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Category: Property
Tagged: CAT-i, Catastrophe, Earthquake, Instrat, Taiwan
March 3rd, 2010
Posted at 4:16 PM ET
A powerful Atlantic storm named Xynthia battered western Europe with hurricane-force winds, surging seas and driving rain on February 27 and 28, causing widespread property damage and severely disrupting transport networks and infrastructure. The most severe damage was predominantly seen in western France, though disruption was reported across several countries in western Europe. According to recent estimates, the storm left at least 62 people dead across France, Germany, Spain, Portugal and Belgium, and more than 1 million households lost power at the height of the storm. At least 51 of the fatalities occurred in France, which was the country worst-affected by the windstorm.
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Category: Property
Tagged: CAT-i, Catastrophe, France, Instrat, Windstorm
March 2nd, 2010
Posted at 10:02 AM ET
A massive earthquake struck off the coast of Maule in Chile at 06:34 UTC on February 27 (03:34 local time), causing severe damage across of the country and claiming more than 700 lives in Chile’s biggest earthquake for around 50 years. The earthquake, measuring 8.8 Mw, was located 60 miles (100 kilometers) north-northwest of Chillan and 200 miles (325 kilometers) southwest of Santiago, according to the US Geological Survey (USGS). The USGS added that the quake was centred about 21.7 miles (35 kilometers) underground and was felt in Argentina. This is the joint fifth largest earthquake ever to be recorded, according to the USGS. Around 150 aftershocks have hit the region since the main earthquake, the most powerful at 6.9 Mw.
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Category: Property
Tagged: CAT-i, Instrat
March 1st, 2010
Posted at 2:46 PM ET
A powerful Atlantic storm named Xynthia battered Western Europe with hurricane-force winds, surging seas and driving rain on 27 and 28 February, causing widespread property damage and disrupting transport networks. According to recent estimates, the storm has left at least 56 people dead across France, Germany, Spain, Portugal and Belgium, and more than 1 million households have been left without power. At least 47 of the fatalities have occurred in France, which has been the country worst-affected by the windstorm.
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Category: Property
Tagged: CAT-i, Instrat
March 1st, 2010
Posted at 2:27 PM ET
A massive earthquake struck off the coast of Maule in Chile at 06:34 UTC on February 27(03:34 local time), causing severe damage across of the country and claiming more than 700 lives in Chile’s biggest earthquake for around 50 years. The earthquake, measuring 8.8 Mw, was located 60 miles (100 kilometers) north-northwest of Chillan and 200 miles (325 kilometers) southwest of Santiago, according to the US Geological Survey (USGS). The USGS added that the quake was centred about 21.7 miles (35 kilometers) underground and was felt in Argentina. This is the fifth largest earthquake ever to be recorded, according to the USGS. Around 150 aftershocks have hit the region since the main earthquake, the most powerful at 6.9 Mw.
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Category: Property
Tagged: CAT-i, Earthquake, Instrat, mega-catastrophes
February 12th, 2010
Posted at 11:51 AM ET
Two major winter storms have caused severe disruption to northeastern regions of the United States over the last week, affecting millions of people and forcing several states to declare emergencies. The heavy snowfall and strong winds associated with the storms caused trees and power lines to fall across the region, which in turn knocked out power to hundreds of thousands of homes and businesses. There have also been reports of property damage as buildings collapsed under the weight of heavy snow. States of emergencies have been declared in Washington DC, Maryland, Delaware, Virginia and New Jersey after record-breaking snowfall. The storms forced government buildings, businesses and schools in the region to close and caused severe transport disruption. Reports said at least two people were killed during the storms.
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Category: Property
Tagged: CAT-i, Instrat, Storms