Posts Tagged ‘flood’
September 26th, 2018
Posted at 1:00 AM ET
Here we present a recap of recent thought leadership from Guy Carpenter.
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Category: Casualty, Property
Tagged: accounting, analytics, Casualty, flood, GC Securities, Guy Carp, Guy Carpenter, ILS, prorper, public sector, Reinsurance, technology, UK
September 18th, 2018
Posted at 4:20 PM ET
In the West Pacific Basin, Super Typhoon Mangkhut made landfall in Northern Luzon as a Category-5 on the Saffir-Simpson Scale just after 18 UTC September 14, according to advisories of the Joint Typhoon Warning Center (JTWC). Significant impacts have been reported by media including severe damage due to wind and flooding as well as mudslides. Impacts to agricultural interests in the area have also been reported. After some weakening, Mangkhut then made final landfall just west of Hong Kong as a Category-1 on the Saffir-Simpson Scale just after 06 UTC September 16 in Taishan, according to JTWC and media reports. Considerable impacts due to wind and flooding were reported in Hong Kong, Macau and Guangdong. Media reports indicate at least 70 fatalities as a result of Mangkhut, and our thoughts and concerns are with those lost and affected by this event.
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Category: Property, Top Stories
Tagged: Asia, Asia Pacific, CAT-i, Catastrophes, China, flood, GC Analytics, Guy Carpenter, guycarp, Hong Kong, nat cat, Philippines, Property, tropical cyclone, typhoon, Windstorm
September 18th, 2018
Posted at 4:06 PM ET
Hurricane Florence made landfall near Wrightsville Beach, North Carolina at 7:15 AM EDT (1115 UTC) September 14, according to the National Hurricane Center (NHC). Maximum sustained winds at landfall were 90 mph, a strong category-one hurricane on the Saffir-Simpson Scale. The storm slowed considerably at landfall causing prolonged exposure of affected areas to damaging wind gusts and significant rainfall. Significant flooding has been reported for areas of the Carolinas and Mid-Atlantic, with greatest severity in areas of eastern North Carolina. The storm has since weakened to a tropical depression while moving into the Ohio Valley. Florence should move through Pennsylvania and New England over the next day or so with an increase in forward speed, and the flood threat persists in the meantime. Downed trees and power lines along with variable property damage have been reported along with significant to catastrophic flooding; the most severely affected areas are in eastern North Carolina. Media reports indicate at least 25 fatalities, and our thoughts and concerns are with those lost and directly affected by this event.
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Category: Property
Tagged: CAT-i, Catastrophes, flood, GC Analytics, Guy Carp, Guy Carpenter, Hurricanes, nat cat, Property, tropical cyclones, US, windstorms
September 11th, 2018
Posted at 1:00 AM ET
Elizabeth Cleary, Managing Director
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- Increased computing power is fueling innovative solutions for flood underwriting
- Insurers are using technology to communicate a homeowner’s flood risk with mobile apps
- Guy Carpenter works extensively with most commercial vendor flood models Continue reading…
Category: Property
Tagged: analytics, flood, GC AdvantagePoint, GC Analytics, GC@MC Commentary 2018, Guy Carp, Guy Carpenter, Marsh, modeling, Models, Property, risk management, technology, UK, US
September 10th, 2018
Posted at 1:00 AM ET
Jonathan Clark, Head of Public Sector Specialty, U.S.
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- Only 33 percent of economic disasters are alleviated through (re)insurance
- Recent functional risk transfer mechanisms use advances in data, analytics and modeling
- Guy Carpenter and GC Securities* are working with over 100 public entities around the globe Continue reading…
Category: Capital Markets, Casualty, Property
Tagged: alternative risk transfer, analytics, capital, Capital Markets, Casualty, catastrophe bonds, Catastrophes, Clark (Jake), cyber, Fires, flood, GC Securities, GC@MC Commentary 2018, Guy Carp, Guy Carpenter, nat cat, pandemic, Property, public sector
September 6th, 2018
Posted at 7:22 PM ET
In the West Pacific Basin, Typhoon Jebi made first landfall on Shikoku (Tokushima Prefecture) at around 03 UTC on 4 September, and then second landfall near Kobe (Hyōgo Prefecture) at around 05 UTC on the same day. The storm brought reports of damaging wind gusts in excess of 160 km/hr (100 mph), flooding due to storm surge and heavy rainfall and mudslides. Widespread damage and power outages have been reported by media across southern Japan. Flood impacts have been especially severe in the Osaka Prefecture, where the Kansai International Airport was affected by storm surge, with disruption also to transportation links. Media reports indicate at least eleven fatalities and 400 injured. It will take time to fully assess the full scope and severity of this ongoing event, and our first thoughts and concerns are with those directly affected.
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Category: Property
Tagged: Asia, Asia Pacific, CAT-i, Catastrophes, flood, GC Analytics, Guy Carp, Guy Carpenter, Japan, nat cat, Property, tropical cyclone, typhoons, windstorms
August 1st, 2018
Posted at 2:00 AM ET
GC Securities* Acts as Sole Structuring Agent and Co-Bookrunner.
The Federal Emergency Management Agency (FEMA) announced its August 1, 2018 reinsurance placement for the National Flood Insurance Program (NFIP). For the first time, FEMA has secured reinsurance ultimately backed by capital markets investors, continuing efforts to better manage the NFIP’s financial risk. Continue reading…
Category: Capital Markets, Property
Tagged: Capital Markets, catastrophe bonds, Clark (Jake), Cory Anger, flood, GC Securities, Guy Carp, Guy Carpenter, ILS, Marsh & McLennan Cos, nat cat, Property, public sector, Reinsurance, tropical cyclone
May 31st, 2018
Posted at 1:00 AM ET
As the 2018 hurricane season approaches, we take a look back at the 2017 season. It was among the top-ten most-active seasons in recorded history since 1900 for the North Atlantic Basin.
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Category: Property, Top Stories
Tagged: flood, Guy Carp, Guy Carpenter, hurricane, Hurricanes, nat cat, Property, tropical cyclone, Windstorm
January 9th, 2018
Posted at 1:00 AM ET
James Waller, PhD, Research Meteorologist
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The 2017 North Atlantic Hurricane season was one of the most active seasons on record, a historic season in many respects, and certainly an impactful one. Those most severely affected residents are facing a long and difficult recovery that could last for years. They continue to have our thoughts and concerns.
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Category: Property
Tagged: Catastrophes, flood, GC Analytics, Guy Carp, Guy Carpenter, Hurricanes, Property, rain, tropical cyclone, US, Waller (James), Windstorm
