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El Nino less likely, Atlantic hurricane forecast rises, tropics awake
Forecasters are now doubting the arrival of El Niño conditions during the 2017 Atlantic Tropical Storm & Hurricane Season, which is causing the forecasts for hurricane activity to rise again....
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Tropical storm Cindy intensifies, threatens flash flooding
Tropical storm Cindy was named yesterday, as the third official storm of the 2017 Atlantic Tropical Storm & Hurricane Season, and has intensified to now carry 60mph sustained winds with torrential...
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2017 Atlantic hurricane forecast increased by Colorado State meteorologists
Colorado State University (CSU) tropical weather forecaster Philip J. Klotzbach has increased his prediction of expected activity from the 2017 Atlantic Tropical Storm & Hurricane Season, calling...
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Tropical storm Emily forms next to Florida, rainfall the main threat
The fifth named storm of the 2017 Atlantic Hurricane Season has formed today, with tropical storm Emily forming to the west of Tampa Bay in the Gulf of Mexico and now heading for a landfall on the...
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Hurricane season forecasts rise again, storm Franklin threatens Mexico
Hurricane season forecasts for the Atlantic basin have risen again, as two of the main tropical weather teams maintain and increase their predictions that the 2017 Atlantic tropical storm and hurricane...
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Hurricane Franklin expected before storm makes second Mexico landfall
Tropical storm Franklin is expected to have intensified into hurricane Franklin, the first hurricane of the 2017 Atlantic tropical storm and hurricane season, before it makes its second landfall on the...
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Hurricane forecast raised by NOAA, season could be “extremely active”
The U.S. National Oceanic and Atmospheric Administration has upped its forecast for the number of tropical storms and the number of major hurricanes that could occur in the 2017 Atlantic tropical storm...
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Atlantic tropical activity forecast above-average over next two weeks
The tropical Atlantic is forecast to see activity levels of greater than 130% above average over the next two weeks, according to forecasters from the Colorado State University. The CSU team highlight...
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Harvey to near hurricane status as Texas set for torrential rains
Tropical storm Harvey has reformed in the Gulf of Mexico as a depression and is now expected to intensify on its track towards the Texas coastline, potentially reaching hurricane strength by landfall...
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Half of hurricane Harvey loss could fall to reinsurance: J.P. Morgan
As hurricane Harvey continues to bear down on the Texas coastline, currently packing 110 mph winds as a strong Category 2, almost Category 3 storm, analysts at J.P. Morgan have taken a look at the...
View ArticleHurricane Harvey – catastrophe bond exposure
Here’s a quick look at just how much of the near $30 billion of outstanding catastrophe bonds could be exposed to a major Texas hurricane, be that hurricane Harvey that is rapidly approaching Category...
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Harvey makes landfall as Category 4 hurricane, 130mph winds
Hurricane Harvey made landfall around 03:00 UTC having intensified further as it approached the Texas coastline to a Category 4 storm with 130 mph sustained winds and a minimum central pressure of...
View ArticleLive cat trades completed on hurricane Harvey threat
The so-called “live cat” market came to life as hurricane Harvey approached the Texas coastline, eventually making landfall as a Category 4 storm, as re/insurers and some ILS funds looked to lock in...
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Cat bond market drops on Harvey, close shave for Fonden 2017 deal?
The catastrophe bond market dropped on Friday as hurricane Harvey approached the Texas coastline, reflecting a little nervousness among investors regarding a few outstanding cat bonds that were deemed...
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AIR puts Harvey wind & surge insured loss at up to $2.3bn
Risk modelling firm AIR Worldwide has estimates that wind and storm surge damage related insurance industry losses from hurricane Harvey will range from $1.2 billion up to $2.3 billion, a figure set to...
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Hurricane Harvey loss up to $20bn, unlikely to move pricing: Analysts
Analysts tracking the property casualty insurance and reinsurance industry believe that hurricane Harvey could cause as much as $20 billion (at the top end of estimates) of industry losses, but with...
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Harvey industry loss seen up to $25bn (ex-NFIP) by Morgan Stanley
Analysts have updated their estimates for the insurance and reinsurance loss caused by hurricane Harvey’s impacts on Texas and the surrounding area, with Morgan Stanley now pegging the industry loss at...
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Harvey cost could be $108bn: Moody’s. NFIP loss could be $9bn: Corelogic
Moody’s Analytics has now increased its estimate for the economic loss caused by hurricane Harvey to as much as $108 billion, reflecting an expectation that the insurance and reinsurance loss will rise...
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Complex Harvey loss could lead to reinsurance & ILS litigation: A.M. Best
Hurricane Harvey is expected to result in “extremely complex loss circumstances” making predicting the eventual toll that will be paid by reinsurance capital providers, both traditional and...
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Harvey insured loss $15.4bn (ex NFIP): Karen Clark & Co.
The insurance and reinsurance industry loss from hurricane Harvey has been estimated at $15.4 billion by catastrophe risk modelling firm Karen Clark & Company, excluding the impacts to the National...
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