Typhoon Hagibis made landfall in Japan as a category-2 on the Izu Peninsula in the Shizuoka Prefecture on October 12 around 7 PM local time. Large stretches of the country were hit by strong winds and torrential rainfall, and the Japan Meteorological Agency issued warnings and advisories affecting all prefectures in the Honshū, Kyushu, Shikoku and Hokkaido Islands. The highest ... Continue Reading »
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Weather Sentinel: Super Typhoon Hagibis Closes in on Japan
Hagabis, a category 5 Super Typhoon for much of the first half of this week, is forecast to track towards Japan with a potential landfall on Saturday morning October 12. Fortunately, the forecast calls for Hagabis to weaken to a category 3 typhoon by landfall. If the forecast for Hagabis verifies, it would be the sixth typhoon of the 2019 season to directly impact Japan and one ... Continue Reading »
CAT-i Bulletin: Typhoon Faxai
In the Northwest Pacific Basin, Typhoon Faxai made landfall on September 9 around 5 AM local time near the city of Chiba in the Greater Tokyo Area, after crossing the Tokyo Bay as a category-2. Among the strongest typhoons to hit the Greater Tokyo Area in recorded history, Faxai was accompanied by record wind gusts from multiple weather stations in the affected region. Damaging ... Continue Reading »
Weather Sentinel: Historic Typhoon Faxai strikes Tokyo
Early Monday morning, September 9 (3AM local time), Typhoon Faxai made landfall with maximum sustained 1-minute winds of 105 mph, a minimum central pressure of 955 mb in Chiba prefecture of the Kanto region of Japan, just east of Tokyo. An equivalent category 2 hurricane on the Saffir-Simpson scale, Chiba is one of the stronger typhoons to hit Tokyo in recorded history. ... Continue Reading »
Weather Sentinel: Typhoon Lekima, Recent Typhoon Activity
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 »
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 »
Catastrophe Insurance Gap in China
Even though China is the fastest growing insurance market in the world, the country's catastrophe insurance protection gap remains significant, according to the recent report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns 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 »
2018 Asia Pacific Catastrophe Reinsurance Report
Guy Carpenter has released its 2018 Asia Pacific Catastrophe Reinsurance Report. The report reviews property catastrophe cover trends; market conditions, including losses and pricing; and catastrophe events in each of the major Asia Pacific countries during 2018. ... 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 »
