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Southern California/Southern Arizona Winter Storms

25 January 2010

California, Arizona - A series of powerful winter storms struck southern California and southern Arizona between Sunday, 17 January and Friday, 22 January; bringing heavy rainfall and high winds that have caused several deaths, property damage, power outages and resulted in the evacuation of thousands of homes in both states. A state of emergency was declared in five California counties; Los Angeles, Orange county, Riverside, San Francisco and Siskiyou on Thursday, 21 January and in Arizona Governor Jan Brewer declared a state of emergency for the counties of Apache, Coconino, Gila Maricopa and Navajo. As the frontal system moved towards Arizona on Thursday, 21 January severe weather affected much of the state through Thursday and Friday, 22 January. Strong winds in excess of 70 mph (113 km/hr) along with severe thunderstorms prompted the US National Weather Service to issue severe weather warnings, including a tornado warning. A short lived tornado...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield