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Hurricane Florence pounds Carolina coast, 10ft storm surge reported
Weakening hurricane Florence is now pounding the North and South Carolina coast, with the storms slow approach resulting in dangerous storm surge and flooding impacts, as torrential rains, river floods...
View ArticleHurricane Florence wind & surge insured loss potential put at $3bn to $5bn:...
Hurricane Florence could result in between $3 billion and $5 billion of insured wind and storm surge losses, according to analysis by risk analytics firm Corelogic. The data analysis shows that insured...
View ArticleHurricane Florence re/insurance losses will be manageable: S&P
Rating agency Standard & Poor’s said that it expects that industry losses from hurricane Florence will be manageable, with no significant impacts to insurance and reinsurance interests. While...
View ArticleModel mean projects $3bn to $3.5bn wind loss from Florence
The leading catastrophe risk modellers have been furnishing their clients with projections for the potential impacts to the industry from hurricane Florence and according to various data sources the...
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Hurricane Florence’s 1,000 year rains flood the Carolina’s
Hurricane Florence impacted the Carolina’s right through the weekend, with a damaging storm surge, hurricane or tropical storm force winds and feet of torrential and prolonged rainfall that has...
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Reinsurance & ILS market share of Florence loss likely minimal: Analysts
Traditional reinsurance and alternative or insurance-linked securities (ILS) markets are only expected to take a small share, perhaps just a maximum of 15% to 20% of the overall industry-wide losses...
View ArticleHurricane Florence loss only $2.5bn (ex-NFIP), says Karen Clark & Co.
According to catastrophe risk modelling specialists Karen Clark & Co. the insurance market loss from hurricane Florence is likely to be only around $2.5 billion, based on privately market wind,...
View ArticleFlorence saw less ILW and live cat activity than other recent storms
Activity in the market for live cat (live catastrophe) trading and protection buying was lighter for hurricane Florence than other recent storms, in terms of volume traded, but some ILW trades were...
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Hurricane Florence wind & storm surge loss up to $4.6bn: AIR
The impact to insurance and reinsurance interests from the wind and storm surge damage caused by hurricane Florence is estimated to be in a range from $1.7 billion to as much as $4.6 billion, by AIR...
View ArticleILS fund values stabilise, some recover, after hurricane Florence
Valuations of some of the listed and mutual insurance-linked securities (ILS) fund strategies have stabilised or even begun to recover after hurricane Florence’s impacts proved to be less severe to ILS...
View ArticleQuota shares & retro the most likely source of ILS losses from Florence: Fitch
Collateralized reinsurance quota shares and retrocessional protections that sit in lower layers of cedant’s towers are the most likely source of ILS market losses from hurricane Florence, according to...
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RMS says Florence loss under $5bn, suggests NFIP reinsurance not triggered
The insurance and reinsurance market-wide loss from recent hurricane Florence’s impacts in the Carolina’s and surrounding region of the United States is expected to be in a range from $2.8 billion to...
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Corelogic differs on Florence estimate, puts NFIP reinsurance in the frame
Differences between estimates are again evident in the catastrophe risk modelling space, as Corelogic delivers a figure for hurricane Florence’s flood insurance industry losses that suggests the NFIP’s...
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$13.4bn of property value exposed to hurricane Michael storm surge
Catastrophe risk modelling firm Corelogic has released an early estimate of property reconstruction values that are exposed to the storm surge from hurricane Michael as it threatens a major hurricane...
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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...
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