Northern California wildfires continue to rage for the fifth straight day

A Paras Vineyards building burns in the Napa area Oct. 10, 2017 (courtesy of Josh Edelson/AFP/Getty Images)

This fall, it seems that we can’t catch a break from natural catastrophes and extreme weather. While many people have been eyeing the record-setting hurricanes we’ve seen over the last few months, wildfires in the West are rapidly competing for our attention. Northern California is the latest area to be hit by wildfires, and as of Thursday, they’ve burned for five days straight, with the worst occurring in Napa and Sonoma counties.

Hurricane Nate: Not as damaging as others, but a reminder that there are still more hurricanes to come

An abandoned boat takes on water on the Mississippi Gulf Coast - Image courtesy of NY Post

Hurricane Nate made landfall Saturday night as a Category 1 hurricane, packing winds of 85 MPH. Nate follows a slew of major storms, some of which have been historic. With record-setting floods and maximum sustained winds, these storms are a reminder that we need to stay prepared, and remain alert once an event is forecasted. 

Hurricane Maria: Atlantic hurricane season living up to its expectations

Hurricane Maria devastation, courtesy of the Wall Street Journal

Hurricane Maria barreled into Puerto Rico on Wednesday as a Category 4 hurricane and was the most powerful storm the island has seen in nearly a century. Earlier in the week, Maria hit the Caribbean island of Dominica as a Category 5 hurricane. Maria is the fourth major hurricane (Category 3 or more) this season and on track with NOAA’s predictions. While four major hurricanes should not come as a surprise, what has been surprising is how close together they have occurred. Maria comes on the heels of Harvey, Irma, and Jose, making it imperative that insurers work to stay ahead of these events and be prepared in a time of extreme weather uncertainty.

SpatialKey and IHS Markit collaborate to offer political violence risk intelligence data to insurers

SpatialKey is pleased to offer its insurance clients access to market-leading political violence data from IHS Markit. IHS Markit provides comprehensive location-specific risk scores and in-depth intelligence, which is immediately available to underwriters and exposure managers within SpatialKey’s geospatial insurance analyticsplatform.

Underwriting terrorism risk is a service that we should be talking about

We live in a world where terrorism is a constant and unpredictable threat. Recent attacks have hit too close to home for some of us, and may make all of us feel powerless over our personal lives and businesses. Likewise, as insurers and insurance stakeholders, recent attacks remind us that we have to be smart about what we do to protect our livelihoods. It’s a business, yes, but it’s also a valued service.

Hurricane Irma: Where to go for the best information

Just weeks after Hurricane Harvey devastated much of Texas and Louisiana, causing record-breaking floods and rampant destruction, we’re already preparing for Hurricane Irma. The storm is projected to make landfall in Florida this weekend as at least a Category 4 hurricane. Based on wind speed, Irma is among the strongest Atlantic hurricanes on record. And, with severe damages in the Caribbean already, Irma will be one to watch very closely. In a time of chaos and uncertainty, we must all work together—insurance carriers, commercial providers, government, and scientists alike—to share as much information as we can to protect policyholders and portfolios. With this in mind, we’ve created a list of SpatialKey-specific resources as well as our top external resources:

Hurricane Harvey: What now?

Severe flooding in Texas caused by Hurricane Harvey (businessinsider.com)

Since progressing to Category 4 strength over the weekend, Hurricane Harvey has regressed back into a tropical storm. As predicted, rainfall and flooding have taken over as the main threats from Harvey, making this storm far from finished.

Harvey grew up fast, from tropical depression to hurricane

 Track of Hurricane Harvey and sample portfolio exposure 

When Hurricane Harvey makes its eventual landfall late Friday evening into Saturday morning, it’s expected to be the first Category 3 hurricane to hit Texas since Hurricane Bret in 1999. The storm grew quickly, with 30 mph winds developing into 80+ mph winds in just a few days.

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