The Atlantic hurricane season officially gets underway on June 1 and runs through the end of November, and AccuWeather’s team of long-range forecasters say now is the time to prepare for a frenzy of tropical systems. There are signs that the first named system could spin up before the season kicks off as the calendar flips to June, a precursor of what’s to come.
Tag: wind insurance
FEMA to Launch Initiative to Modernize Building Codes in Cat-Resiliency Effort
On this first day of the Atlantic hurricane season, federal officials are launching a new initiative to modernize building codes so that communities can be more resilient to hurricanes, flooding, wildfires, and other extreme weather events that are intensifying due to climate change. Deanne Criswell, the administrator for the Federal Emergency Management Agency (FEMA), and… Continue reading FEMA to Launch Initiative to Modernize Building Codes in Cat-Resiliency Effort
Hurricane Sally to Be 8th Named Storm to Make U.S. Landfall
U.S. Gulf Coast residents from Louisiana to Florida should prepare for Hurricane Sally, which is forecast to make landfall on Tuesday, according to the Insurance Information Institute (Triple-I). In a Monday afternoon advisory, the National Hurricane Center (NHC) indicated there is uncertainty over the specific timing and location of Sally’s landfall, as well as its… Continue reading Hurricane Sally to Be 8th Named Storm to Make U.S. Landfall
AIR Worldwide Estimates Insured Losses for Hurricane Laura Will be Between $4B and $8B
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Laura’s winds and storm surge will range from $4 billion to $8 billion. AIR Worldwide is a Verisk business. “Although comparisons between Laura and Hurricane Rita (2005) have been made, they differ in two important ways: Rita was… Continue reading AIR Worldwide Estimates Insured Losses for Hurricane Laura Will be Between $4B and $8B
CoreLogic Estimates $8B-$12B in Insured Losses from Hurricane Laura Wind and Storm Surge
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today announced updated residential and commercial wind and storm surge loss estimates for Hurricane Laura. According to this new data analysis, insured wind and storm surge losses for residential and commercial properties in Louisiana and Texas are estimated to be between $8 billion and… Continue reading CoreLogic Estimates $8B-$12B in Insured Losses from Hurricane Laura Wind and Storm Surge
Hurricane Laura Slams Into Gulf Coast, Leaves 500,000 Without Power
Hurricane Laura weakened to a Category 2 storm hours after barreling ashore near the Texas-Louisiana border, but it continued to threaten what forecasters described as lethal flooding and widespread wind damage. Laura made landfall overnight as a storm of historic proportions, with wind speeds of 150 miles an hour, according to the National Hurricane Center,… Continue reading Hurricane Laura Slams Into Gulf Coast, Leaves 500,000 Without Power
CoreLogic Risk Analysis Shows Hurricane Laura Threatens 431,810 Homes with Storm Surge Damage
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released data analysis showing 431,810 single-family and multifamily homes along the Texas and Louisiana coasts with a reconstruction cost value (RCV) of approximately $88.63 billion are at potential risk of storm surge damage from Hurricane Laura based on its projected Category 3 status… Continue reading CoreLogic Risk Analysis Shows Hurricane Laura Threatens 431,810 Homes with Storm Surge Damage
Renewable Energy Industry Must Face Up to New Realities: WTW
Willis Towers Watson, a leading global advisory, broking and solutions company, today launched its inaugural Renewable Energy Market Review for 2020. The Review identifies several new realities that the industry needs to face up to at the beginning of the new decade. These new realities include: Geopolitical clouds: Conflicts and other international tensions are seemingly… Continue reading Renewable Energy Industry Must Face Up to New Realities: WTW
As Hurricane, Fire Seasons Approach, More People Likely to Be in Harm’s Way
As emergency managers prepare for hurricane and wildfire seasons, they say growing development and higher population in vulnerable areas will likely amplify the damage and devastation. Meteorologists expect more than a dozen named storms in the Atlantic this year, slightly above average. In California, a burst of vegetation from rains could serve as fuel in… Continue reading As Hurricane, Fire Seasons Approach, More People Likely to Be in Harm’s Way
The Rising Costs of Hurricanes
Counties along the U.S. shoreline that endured hurricane-strength winds from Florence in September experienced a surge in population from 1980 to 2017, with an increase of 95 people per square mile—more than double the density. Overall, Gulf and East Coast shoreline counties, those vulnerable to hurricane strikes, increased by 160 people per square mile, compared… Continue reading The Rising Costs of Hurricanes