The 2019 Atlantic hurricane season is about to conclude with 18 named storms, six hurricanes and three major hurricanes (Category 3 or higher), according to the Insurance Information Institute (I.I.I.). One tropical storm — Imelda—and two hurricanes—Barry and Dorian—made landfall in the U.S. during the six-month hurricane season, which officially ends on Nov. 30. “This… Continue reading Dorian and Imelda are the 2019 Atlantic Hurricane Season’s Most Damaging U.S. Storms: I.I.I.
Tag: Hurricane Dorian
Hiscox Set to Drop Out of FTSE 100
Specialist re/insurer Hiscox is set to drop from the FTSE 100 this week as ongoing claims arising from hurricane Dorian and typhoons Hagibis and Faxai continue to dent profitability. The insurer last month set aside $165 million to cover the aforementioned storms and have seen its share price fall 12% since the beginning of September.… Continue reading Hiscox Set to Drop Out of FTSE 100
Karen Clark & Co Pegs Total Bahamas Losses from Dorian at $7B
Hurricane Dorian’s impact in the Bahamas will generate insured and uninsured losses of about $7bn, according to a preliminary estimate from Karen Clark & Company (KCC). The risk modeller’s estimate included losses from buildings, contents and business interruption claims arising from commercial, residential and industrial properties. The $7bn loss estimate does not include infrastructure or… Continue reading Karen Clark & Co Pegs Total Bahamas Losses from Dorian at $7B
More than 650,000 Homes Vulnerable to Damage from Hurricane Dorian: CoreLogic
More than half a million homes along the east coast of Florida are at potential risk of storm surge damage in the wake of Hurricane Dorian, according to CoreLogic CoreLogic determined the total number of homes exposed to storm surge damage in the path of the storm. It also measured the reconstruction cost value (RCV),… Continue reading More than 650,000 Homes Vulnerable to Damage from Hurricane Dorian: CoreLogic
Hurricane Dorian Updates: Storm Pounds the Bahamas and Threatens Florida
Hurricane Dorian, now a Category 2 storm, finally began to slowly inch away from the Bahamas on Tuesday, after pummeling the islands with unrelenting rain and winds as the United States waited to see what destructive path it would take. The storm, which hit the Northern Bahamas as one of the strongest on record in… Continue reading Hurricane Dorian Updates: Storm Pounds the Bahamas and Threatens Florida
Hurricane Dorian Cone of Uncertainty Aims at 668,052 Homes Exposed to Storm Surge Damage, Early CoreLogic Analysis Shows
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released data analysis showing 668,052 single-family and multifamily homes along the east coast of Florida with a reconstruction cost value (RCV) of approximately $144.6 billion are at potential risk of storm surge damage from Hurricane Dorian based on its projected Category 3 status… Continue reading Hurricane Dorian Cone of Uncertainty Aims at 668,052 Homes Exposed to Storm Surge Damage, Early CoreLogic Analysis Shows
Hurricane Dorian Analogues Show $11.3B to $37.2B Industry Loss Range: RMS
Hurricane Dorian analogue storms from the past, so major category 3 and 4 hurricane landfalls in Florida with similar tracks, show a range of $11.3 billion to $37.2 billion of insurance and reinsurance industry losses, according to RMS. Data shared with us by catastrophe risk modelling specialist RMS shows that the nearest category 3 and… Continue reading Hurricane Dorian Analogues Show $11.3B to $37.2B Industry Loss Range: RMS
Hurricane Dorian Forecast to Hit Florida Over Labor Day with 110 Mph Winds
As chances increased for a direct hit from a Category 3 Hurricane Dorian over Labor Day weekend in Florida counties Volusia and Flagle, local residents, government officials and would-be vacationers began a mad scramble Wednesday. Many residents immediately began heeding warnings to stock up, emptying store shelves of batteries and water bottles. Local cities began… Continue reading Hurricane Dorian Forecast to Hit Florida Over Labor Day with 110 Mph Winds
Hurricane Dorian Landfall in Florida Could Hurt Reinsurers the Most: KBW
Analysts at Keefe, Bruyette & Woods (KBW) believe that Tropical Storm Dorian is likely to impact reinsurers more than primary carriers if it strengthens and makes landfall in Florida. Current forecasts suggest that Dorian could develop into a Category 2 hurricane with wind speeds in excess of 100mph before making landfall along the east coast… Continue reading Hurricane Dorian Landfall in Florida Could Hurt Reinsurers the Most: KBW