Over the last decade, a noteworthy increase in the frequency and severity of severe thunderstorm losses across the central and eastern United States has created a lack of profitability for carriers exposed to these perils. The impact has been amplified by outdated and antiquated catastrophe models lacking the ability to properly assess the current risk. Guy Carpenter’s Severe ... Continue Reading »
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Guy Carpenter Launches Probabilistic Philippines Flood Model
Guy Carpenter today announced the launch of its new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most frequently occurring natural hazards in the region. ... Continue Reading »
Understanding Flood Risk in Malaysia Through Catastrophe Modeling
Narathip Sutchiewcharn, Senior Vice President and Claudio Saffioti, Catastrophe Model Developer Contact According to Malaysia's Department of Irrigation and Drainage, the many rivers running through the country put about 9 percent of the total land area under flood risk, potentially affecting 2.7 million people. Rapid urbanization is only going to worsen the problem through ... Continue Reading »
Sydney Hailstorms, December 20, 2018
A severe convective storm affected large parts of New South Wales, including Sydney, the Central Coast and Wollongong from 4:00 to 7:00 pm on December 20, 2018. The storm generated large hail, damaging winds and flash flooding in many areas of the state. According to the Australian Bureau of Meteorology (BOM), there were ground reports of hail of 8 cm diameter in Berowra ... Continue Reading »
2017 North Atlantic Hurricane Season
James Waller, PhD, Research Meteorologist Contact 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. ... Continue Reading »
Guy Carpenter Asia-Pacific Climate Impact Centre Publishes Annual Report
The report, covering the Centre's activities during 2016, is divided into five sections. ... Continue Reading »
Hurricane Nate
Hurricane Nate made landfall on October 7 near the mouth of the Mississippi river and then near Biloxi, Mississippi as a Category 1 hurricane on the Saffir-Simpson Scale. Maximum sustained winds at landfall were 85 mph, according to the National Hurricane Center (NHC). Nate is the fourth hurricane to make U.S. landfall in the past two months and the first hurricane to make ... Continue Reading »
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 ... Continue Reading »
Hurricane Irma – Update
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 ... Continue Reading »
Hurricane Irma
Hurricane Irma affected areas of the Caribbean and northern Cuba as a Category 5 hurricane on the Saffir-Simpson Scale, while also passing near Puerto Rico and the Dominican Republic. Impacts in areas of the northern Leeward Islands and northern Cuba have been especially severe. While affecting northern Cuba, Irma weakened to a Category 3 hurricane before turning north towards ... Continue Reading »
