Market Update 20 October 2015
Typhoon Koppu ‐ (Local Name: Lando)
This Category 4 storm badly affected Northern Luzon Crawford Philippines early on Sunday morning 18 October 2015. Despite being T: +63 2 840‐32‐43 to 44 a very slow moving storm, Koppu has caused heavy F: +63 2 892‐35‐05 flooding due to prolonged and torrential rainfall. The typhoon continues to affect the country. At its peak, Ruben L. Manaligod sustained winds of 150 kph were reported. Country Manager M: +63‐917‐819‐2198 The most badly affected areas are in Ilocos, Cagayan [email protected] Valley, Isabela, Central Luzon, Calabarzon and Cordillera regions. Mass evacuation of families living in vulnerable Regional Asia Office areas was necessary. Reports are also beginning to come
through about storm surges. Metro Manila was also Chris Panes
affected by strong winds but the rainfall, while heavy, Chief Executive Officer, Asia
was not too serious. M: +65 9727 6017
Landslides and flash floods are posing the greatest risk to lives and property. At this time reports of casualties are Ian Baxter limited but communications are still down in the most Regional Director seriously affected areas. Global Technical Services, Asia Pacific T: +65 6536 0103 We have been advised of some claims but the area M: +65 9834 7667 affected may not have a significant insurance [email protected] penetration. Baguio City in Benguet and Cabanatuan City in Nueva Ecija were badly affected. London Market & Global Co‐ordination Benedict Burke We continue to monitor the situation as communication Head of Global Markets and weather in the affected areas starts to improve. If T: +44 (0) 207 265 4041 you need more information about the event, please M: +44 (0) 7802 590990 contact any of the parties shown on this market update [email protected] or your local Crawford account manager. Richard Day Source: By NASA, MODIS / LANCE (https://worldview.earthdata.nasa.gov) [Public Vice President, Lloyd’s & London Market domain], via Wikimedia Commons T: +44 20 7265 4014 M: +44 7827 879138 [email protected]
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