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Hermine re/insurance loss estimated up to $500m by Karen Clark & Co
Up to Friday evening hurricane Hermine is estimated to have caused an insurance and reinsurance industry loss approaching $500m, with economic loss approaching $1 billion, according to catastrophe risk...
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Hurricane Matthew intensifies, targets Haiti, Jamaica, Cuba, Bahamas as major...
Hurricane Matthew has now intensified into a Category 4 storm, with sustained winds of 130mph (as at Monday morning) and higher gusts, as it continues its westward track through the Caribbean. A...
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Florida, U.S. east coast now face risk of hurricane Matthew landfall
Hurricane Matthew remains a major storm with 145mph winds as it barrels towards a potentially devastating strike on Haiti and Cuba. The Bahamas are next in its path and the risk of a U.S. landfall has...
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Cat bonds in holding pattern, Florida on watch for hurricane Matthew
At this time the catastrophe bond market has not shown a significant reaction to the slow approach of hurricane Matthew towards the U.S. coastline, despite the fact that the forecast path has been...
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Hurricane Matthew threat awakens live cat market
The so-called “live cat” market has come to life, albeit perhaps tentatively, as hurricane Matthew’s approach towards the U.S. has increased the certainty of what looks set to be a relatively major...
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Matthew could hike aggregate cat bond attachment probabilities: RMS
Hurricane Matthew has the potential to be a significant loss event for the insurance and reinsurance industry. It could also cause issues to some catastrophe bonds, eroding aggregate retention and...
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Hurricane Matthew hits Bahamas, intensifies – Florida outlook worsens
Hurricane Matthew is battering the central Bahamas, with sustained winds of 115mph, higher gusts, torrential rain and a storm surge estimated at anything up to 15 feet. Matthew is then forecast to...
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Hurricane Matthew has potential to trigger cat bonds & ILS: RMS
Hurricane Matthew has the potential to trigger outstanding catastrophe bonds and other ILS structures, based on latest forecasts, but significant uncertainty remains and exactly how close the storm...
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As Matthew strikes Florida coast still difficult to forecast losses
The risk of a major insurance and reinsurance industry loss seems to have decreased with the last few forecast updates for hurricane Matthew, as the path looks more likely to remain offshore of the...
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Early Hurricane Matthew insured loss estimates suggest up to $6bn
Insurance and reinsurance sector losses from hurricane Matthew are currently converging on a total impact of around $6 billion, but it is still very early to put a figure on the impact of Matthew given...
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Hurricane Nicole, a major storm, approaches Bermuda
Updated Oct 13th, 14:00 BST 10:00AST: Hurricane Nicole has remains a very strong Category 3 hurricane, with sustained winds of 125mph and higher gusts, and continues to track towards Bermuda where its...
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AIR puts hurricane Matthew insured loss at up to $8.8bn
Risk modelling firm AIR Worldwide has provided its initial estimate of insurance and reinsurance industry losses from hurricane Matthew, putting the figure somewhere in a range from $2.8 billion to as...
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Hurricane Otto heads for Nicaragua & Costa Rica
Hurricane Otto, the fifteenth named storm and seventh hurricane of the 2016 Atlantic storm season, formed in the Caribbean this week and has intensified into a category 1 storm with sustained winds of...
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2017 hurricane forecasts suggest below average season due to El Niño
A number of forecasts have been released for the 2017 Atlantic Tropical Storm & Hurricane Season and so far all are calling for activity levels just below the long-term average, with the...
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Tropical storm Arlene an early start to the 2017 Atlantic season
Tropical storm Arlene formed yesterday in the Atlantic, bringing an early start to the 2017 Atlantic tropical storm and hurricane season and becoming only the second April named tropical storm in the...
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2017 hurricane season forecast upped to above average by Weather Co.
The Weather Company has revised its forecast for the 2017 Atlantic tropical storm and hurricane season, saying that the latest indications and data now suggest a year with activity levels a little...
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NOAA gives 45% chance of above average hurricane season in 2017
The U.S. National Oceanic & Atmospheric Administration (NOAA) has released its forecast for the 2017 Atlantic tropical storm and hurricane season, saying that factors lead it to predict an above...
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TSR ups hurricane activity forecast, Accuweather warns on landfall potential
Tropical Storm Risk has increased its forecast for 2017 Atlantic Tropical Storm & Hurricane Season activity, joining others in predicting a more active year. Meanwhile Accuweather is warning of...
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Hurricane season forecasts continue to suggest more risk in 2017
The latest forecast to be released for the 2017 Atlantic Tropical Storm & Hurricane Season joins others in suggesting a more active season, with a greater number of hurricanes likely to form over...
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Over $1.5tr of property value at risk of hurricane storm surge: CoreLogic
Analysis from global property information, analytics and data-enabled service provider, CoreLogic, reveals that almost 6.9 million homes along the Atlantic and Gulf coasts, with a combined...
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