Yasi News

Australia Flood, Cyclone Claims Assessments near Completion Says ICA

According to a bulletin on its web site, the Insurance Council of Australia has released updated figures on “how the general industry has responded to the enormous task of assessing over 118,000 insurance claims received as a result of the …

Endurance Estimates $15 Million Aus. Flood Loss; $45 Million NZ Quake

Bermuda-based Endurance Specialty Holdings Ltd. announced that its “initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million.” The specialty insurer’s initial loss estimate “related to the earthquake which occurred in …

Alterra Gives Estimates Aus. Floods, Cyclone Yasi, NZ Quake Losses

Bermuda-based Alterra Capital Holdings Limited has announced initial loss estimates for three recent natural catastrophe events. Alterra said the estimates are “$5 to $8 million related to the Australian floods in January 2011; $6 to $10 million related to Cyclone …

AIR Estimates Yasi Insured Losses between $356 Million and $1.5 Billion

Catastrophe modeling firm AIR Worldwide has issued early estimates indicating that insured losses to properties and business income from the Category 5 (Australia Bureau of Meteorology intensity scale) cyclone Yasi that struck Australia at midnight local time, Wednesday, February 2, …

Cyclone Yasi Spreads Destruction in Queensland, But No Deaths Reported

Tropical cyclone Yasi roared ashore on the coast of Queensland last night, causing widespread damage to property and knocking out power throughout the region. Although the damages from the wind, the rain and the high tides are severe, no deaths …

La Nina Helps Fuel Monster Australian Cyclone Yasi

Record ocean temperatures and an intense La Nina weather pattern have helped spawn one of the most powerful cyclones in Australia but whether there’s a direct climate change link is less clear. Cyclone Yasi, a maximum category 5 storm, was …

Flood-ravaged Queensland Braces for Tropical Cyclone Yasi

Just as TC Anthony dissipated over Queensland the flood ravaged State received a warning that another tropical cyclone is heading its way. According to catastrophe modeling firm AIR Worldwide, Cyclone Yasi was “about 1630 kilometers [1018 miles] east northeast of …