Entries Tagged as 'Ike'
Seen on the newswire:
Hurricane Ike, which blasted the densely populated Texas coast and swept through Houston on Saturday, could trigger insurance claims between $8 billion and $18 billion, according to early estimates of the damage.
Tom Larsen, a senior vice-president with EQECAT Inc, which helps insurers model catastrophe risk, told Reuters that from data he had seen so far, the cost of damage was likely to fall in the middle of that range.
Another risk modeling firm, AIR Worldwide, said the expected loss to insurers from onshore damage was around $10 billion.
Although the storm was bad enough, particularly to those folks in places like Crystal Beach, who tried to ride out the storm and learned about storm surge the hard way…it could have been much worse.
Tags:
Catastrophes · Weather · Houston · Ike · Texas
When was the last time you saw a radar image of the eye of a hurricane brushing a major city?
Tags:
Catastrophes · Weather · Houston · Ike · Texas
Seen in the Houston Chronicle:
As of 4pm today Channel 11, KHOU TV/DT is broadcasting on XM Radio’s Emergency Alert Channel 247.
You do not need to be a subscriber. The Emergency Alert channel is on all XM Radio equipped cars.
We are working now to set up DTV Channel 361 to take our signal. As soon as their engineers confirm it is in place we will let you know.
Tags:
Catastrophes · Houston · Ike
Ugh:
The threat of a major hurricane gong that close to Houston, which hasn’t seen a major hurricane in several years (Allison, which flooded much of the city, was just a tropical storm) is ominous.
Even more troubling…consider the following forecast map:
That sort of a wind field reminds me of Hugo, which made landfall near Charleston, but still packed a major punch all the way inland to Asheville, North Carolina.
So, has anyone else looked at TWIA’s exposure in that part of Texas?
Tags:
Catastrophes · Insurance · Ike · Texas · TWIA
Although I’m happy to see that Ike is forecasted to avoid Miami (and it’s high concentration of insured property)…well doesn’t the latest forecast for Ike look a little familiar?
Tags:
Catastrophes · Weather · Ike · New Orleans
Here’s hoping that Ike is to Andrew, what Gustav was to Katrina:
Tags:
Catastrophes · Weather · Florida · Ike · Miami
Seen in Insurance Journal:
One risk modeling firm estimates that insured losses to onshore properties in the U.S. are between $2 billion and $4.5 billion, with an expected loss of $3 billion due to Hurricane Gustav. According to AIR Worldwide Corporation theses loss estimates do not account for any flooding that may yet result from the breach of natural defenses such as levees.
In other words, Gustav was about 10% of Katrina, insurance-wise.
Now, we get to wait and see what love Hanna, Ike, and Josephine will bring.
Tags:
Catastrophes · Insurance · Gustav · Hanna · Ike · Josephine
