In the Northwest Pacific Basin, Typhoon Lekima is moving ashore on the coast of Mainland China. Just prior to landfall, one-minute sustained winds were around 175 km/hr (110 mph), equivalent to a Category-2 on the Saffir-Simpson Scale, according to the Joint Typhoon Warning Center (JTWC) at 15 UTC August 9. The storm is weakening due to dry air intrusion and increasing land ... Continue Reading »
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Taiwan: Catastrophe Insurance and Gap in Coverage
Taiwan has experienced a series of extreme weather events in recent years, which are expected to continue into the future, says the report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns in Asia-Pacific by Marsh & McLennan Companies’ Asia-Pacific Risk Center. ... Continue Reading »
GC Capital Ideas: CAT-i Stories: Fourth Quarter 2018
Here is a look back at the CAT-i articles from October 1 through December. Mw 7.0 Earthquake – Near Anchorage, Alaska: The magnitude (Mw) 7.0 earthquake near Anchorage, Alaska, on November 30 occurred at a depth of 44.1 km as the result of a slip on an intraslab fault within the subducting Pacific slab. According to the United States Geological Survey, the faulting involved a ... Continue Reading »
Super Typhoon Mangkhut
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 ... Continue Reading »
Guy Carpenter Cites El Niño and North Atlantic Oscillation as Key Climate Drivers in 2015
Guy Carpenter today reported that 2015 marked one of the strongest El Niño periods on record, while a positive phase of the North Atlantic Oscillation (NAO) was evident both at the beginning and close of the year. ... Continue Reading »
GC Capital Ideas Recent CAT-i Stories
Here are recent CAT-i stories from the period July to mid-September of 2015. ... Continue Reading »
Update: Tropical Depression Soudelor
Typhoon Soudelor made landfall in Hualien County, Taiwan at about 05:00 CST Saturday (21:00 UTC Friday), with one-minute sustained winds of 120 mph (195 kilometers per hour) according to the Joint Typhoon Warning Center (JTWC). Soudelor brought excessive rainfall and strong winds to Taiwan, causing inland flooding, mudslides and reports of widespread damage. ... Continue Reading »
Update: Typhoon Soudelor
Following the 15 UTC update of the Joint Typhoon Warning Center (JTWC) on August 8, Typhoon Soudelor carries one-minute sustained winds of 75 mph (120 kilometers per hour), equivalent to a Category 1 on the Saffir-Simpson Scale. Soudelor has a pressure of 970 millibars according to the Japan Meteorological Agency. ... Continue Reading »
Update: Typhoon Soudelor
Conditions are already deteriorating over Taiwan as Typhoon Soudelor approaches. Soudelor is forecast to make landfall on the Central East coast of Taiwan early Saturday local time. Expected hazards include excessive rainfall and inland flooding, together with significant winds and storm surge. A second landfall in Mainland China is expected to bring heavy rain and wind over a ... Continue Reading »
Update: Typhoon Soudelor
Typhoon Soudelor is forecast to make landfall on the central east coast of Taiwan late Friday or early Saturday local time. Hazards include excessive rainfall and inland flooding, together with significant winds and storm surge. A second landfall in Mainland China is expected to bring heavy rain and wind over a widespread area. ... Continue Reading »
