Live Insurance News

Heavy Rains Cause Record Flooding and Landslides across Central Europe: AIR Worldwide

June 4, 2013June 4, 2013 Guest Author

Europe insurance industry Flooding and Heavy Rains

According to catastrophe modeling firm AIR Worldwide, Central Europe has been inundated during the past several weeks with heavy and relentless rain, which has resulted in some of the worst floods seen in the area in more than 70 years. The floods have reached record levels, particularly in Germany, Austria, and the Czech Republic. Switzerland, Hungary, Slovakia, and Poland are also affected. The heavy rains are resulting in landslides in many mountainous areas, while in the floodplains, which were already saturated due to rains in previous weeks, river levels rose…

Hundreds of Homes Inundated as Floods Sweep Through the UK: AIR

November 27, 2012 Guest Author

BOSTON, Nov. 27, 2012 – According to catastrophe modeling firm AIR Worldwide, heavy rainfall began lashing the British Isles on Thursday, November 22, prompting hundreds of warnings and alerts. As of Tuesday, November 27 at 3 PM GMT, there were 182 flood warnings, two severe flood warnings, and 225 flood alerts in place, affecting virtually every region in England and Wales. The southwest areas of England, particularly the counties of Cornwall and Devon, have thus far borne the brunt of the rainfall, with some places recording over 150 mm of…

Two Landfalls by Hurricane Isaac cause Severe Flooding in Louisiana: AIR

August 29, 2012August 30, 2012 Guest Author

BOSTON, Aug. 29, 2012 – According to catastrophe modeling firm AIR Worldwide, by 7:00 AM CDT this morning (8:00 AM EDT), Isaac had made two separate landfalls, both as a Category 1 hurricane. The first occurred on August 28 at low-lying Plaquemines Parish, Louisiana, at around 7:45 PM CDT. Instead of continuing inland as expected, the storm veered sharply to the southwest and re-emerged over the water, which allowed it to maintain its strength. It then made a second landfall this morning just west of Port Fourchon, Louisiana, at around…

Carlotta Makes Landfall and Dissipates over Mexico’s Mountainous Terrain

June 17, 2012 Guest Author

Insurance News – Primary Threat from Flooding and Landslides: AIR BOSTON, June 17, 2012 – According to catastrophe modeling firm AIR Worldwide, Hurricane Carlotta came onshore Friday night as a Category 1 storm near the Oaxacan town of Puerto Escondido (est. pop. 26,000 in 2010), about 200 miles southeast of Acapulco. According to the National Hurricane Center (NHC), maximum sustained winds were 90 mph at landfall. Given the currently available information, AIR does not expect significant insured losses from Carlotta, the third named storm of the Pacific hurricane season. “Carlotta was…

Mississippi could lose its access to flood insurance because of state law

February 27, 2012 S.Vagus

Residents of Mississippi are in danger of losing their flood insurance if state legislators do not take action on a particular law. The state was put on notice by the Federal Emergency Management Agency late last week because one of the state’s laws makes hunting and fishing camps exempt from the building codes that govern the flood prone areas of the state. FEMA claims that if the issue is not resolved by May 5th, those receiving coverage through the National Flood Insurance Program will see their policies canceled. According to…

Andrea-2012’s First Named European Windstorm-Causes Damage and Accidents in Parts of Germany

January 7, 2012 Guest Author

According to catastrophe modeling firm AIR Worldwide, Windstorm Andrea passed through the U.K. earlier this week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland. Andrea- the first named European storm of 2012- formed southwest of Iceland on Tuesday, 3 January. Late Wednesday (4 January), Andrea passed to the north of the U.K., bringing strong winds, particularly to central England, and causing power outages and travel disruption. “The system intensified as it traveled east. Early yesterday, Andrea was centered over Denmark with a…

Typhoon Nalgae on Course to Hit the Philippines

September 30, 2011 Guest Author

BOSTON, Sept. 30, 2011 — According to catastrophe modeling firm AIR Worldwide, Typhoon Nalgae (named “Quiel” by the Philippines state weather bureau, PAGASA) formed on September 24 east of Guam from an area of convection with a weak low-level circulation center. Over the next several days, Nalgae became better organized under moderate vertical wind shear and high sea surface temperatures of 29°C-30°C. It strengthened to tropical storm strength and was named by the Japan Meteorological Agency (JMA) on September 26. Nalgae is the nineteenth named tropical cyclone of the 2011…