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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 [...]
When was the last time you saw a radar image of the eye of a hurricane brushing a major city?
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 [...]
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 [...] 
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?
Here’s hoping that Ike is to Andrew, what Gustav was to Katrina:
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 [...] |
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