The 2020 Atlantic hurricane season could see a greater than average number of major hurricanes because of warmer seas and favorable weather patterns, forecasters from Colorado State University’s Tropical Meteorology Project said on Thursday. Four major hurricanes packing winds of at least 111 miles per hour (179 km) are possible during the season that begins… Continue reading Forecasters See Above Average 2020 Atlantic Hurricane Season
Tag: hurricane season
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
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 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 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
Dorian Expected to Near Hurricane Strength As It Spins Toward Puerto Rico
Tropical Storm Dorian is expected to be near hurricane strength when it approaches Puerto Rico on Wednesday, a threat that has residents taking precautions on an island still grappling with the devastation of 2017’s Hurricane Maria. The storm’s center is expected to pass near, or just south of, Puerto Rico on Wednesday before moving near… Continue reading Dorian Expected to Near Hurricane Strength As It Spins Toward Puerto Rico
Flooded Mississippi River A Threat as Hurricane Season Heats Up
The river that drains much of the flood-soaked United States is still running higher than normal, menacing New Orleans in multiple ways just as the hurricane season intensifies. For months now, a massive volume of water has been pushing against the levees keeping a city mostly below sea level from being inundated. The Mississippi River… Continue reading Flooded Mississippi River A Threat as Hurricane Season Heats Up
New Report Predicts 6 Major Hurricanes in the 2019 Season
Meteorologists are predicting six major hurricanes to develop in the remainder of the 2019 season, according to a new report released Tuesday by the Colorado State University Tropical Meteorology Project. CSU defined major hurricanes as categories 3, 4 and 5. It expects 13 named storms to develop as well. This falls short of NOAA’s forecast… Continue reading New Report Predicts 6 Major Hurricanes in the 2019 Season
Zurich Insurance Offers a New CE-Accredited Training Program on Severe Weather Resilience
Ahead of the 2019 Atlantic hurricane season, Zurich Insurance is launching a new Continuing Education (CE)-accredited training program on building resilience to severe weather events. The two-hour program, The Post Event Review Capability (PERC) Program and Insurance: Analyzing Resilience and Insurance Protection, is available in Georgia, North Carolina and South Carolina and satisfies requirements for… Continue reading Zurich Insurance Offers a New CE-Accredited Training Program on Severe Weather Resilience
2019 Hurricane Season Forecast, Will We Get A Break?
After two consecutive seasons of devastating hurricanes, a leading forecaster is predicting a less active year as compared to 2018, but that doesn’t mean it will be quiet. AccuWeather, which issued its seasonal forecast this morning, believes the 2019 hurricane season will be near normal to slightly above normal with 12 to 14 named storms.… Continue reading 2019 Hurricane Season Forecast, Will We Get A Break?