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Florida primary & national insurers most exposed to hurricane Michael
The main Floridian primary insurers as well as some of the largest national U.S. insurance firms are among the most exposed to the impacts of hurricane Michael, according to A.M. Best data. Hurricane...
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Hurricane Michael a very different storm to Florence: RMS
Catastrophe risk modelling firm RMS has highlighted some key differences between hurricane Michael, which is heading for the Florida coast and expected to be a major category storm at landfall, with...
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Hurricane Michael landfall site a key factor for ILS & cat bond exposure
The precise location where hurricane Michael makes its expected Category 4 landfall today will have a significant bearing on the potential for ILS impacts, according to Twelve Capital, who also...
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Hurricane Michael intensifies further still to 155mph winds at landfall
Hurricane Michael has strengthened once again, becoming a major Category 4 storm with 155 mph sustained winds and higher gusts and is forecast to make landfall in Florida in the coming hours as an...
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Hurricane Michael wind & surge insured loss up to $4.5bn: Corelogic
The wind and storm surge related insurance industry loss from hurricane Michael is estimated to be between $2 billion and $4.5 billion by Corelogic, based on a pre-landfall data assessment of the...
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Hurricane Michael losses unlikely to move the re/insurance market
The eventual insurance, reinsurance and perhaps ILS fund industry losses from hurricane Michael’s strong Category 4 landfall on the Florida Gulf Coast yesterday are unlikely to be sufficient to move...
View ArticleILS funds fell less than re/insurance stocks as hurricane Michael hit Florida
Insurance-linked securities (ILS) funds that are either mutual funds or listed vehicles saw their prices decline less than the share prices of global insurance and reinsurance funds as hurricane...
View ArticleReinsurance to take more of Michael’s losses than Florence’s: KBW
The reinsurance market and as a result some collateralized providers of reinsurance capital may take a greater share of losses from hurricane Michael’s Florida and beyond impacts than they did for last...
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Hurricane Michael insured loss to be close to $8bn: Karen Clark & Co.
Hurricane Michael will result in an insurance and reinsurance market loss of close to $8 billion from wind and storm surge, excluding NFIP losses, according to catastrophe risk modelling specialists...
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2019 Atlantic hurricane outlooks suggest average year, but El Niño adds...
The first long-range outlooks and forecasts for the 2019 Atlantic hurricane season both suggest an average level of storm activity, but note some uncertainty over whether an El Niño event occurs and...
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