Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Intensity and direction of hurricane Irene increasingly uncertain

Share

Weather conditions are making it increasingly difficult to forecast how powerful hurricane Irene will get and the direction she will head in towards the U.S. coastline. The forecast path of hurricane Irene predicted by the models has shifted slightly further east, showing a landfall late Saturday afternoon somewhere between Wilmington and Cape Hatteras, North Carolina as a Category 3 hurricane.

In their latest update on hurricane Irene, risk modeller EQECAT stresses the uncertainty around these forecasts, saying that extended forecasts contain significant uncertainty especially on where exactly hurricane Irene will make landfall. EQECAT also highlight a 10 to 20 knot southwesterly wind shear which could affect the intensity of Irene, wind shear can hinder the organisation of a hurricane.

The models currently still expect hurricane Irene to reach Category 3 strength with maximum sustained winds of 125mph before making landfall on the U.S. east or southeast coast. Some models now show what could be a worst case scenario of a major hurricane tracking up the eastern U.S. coastline impacting many of the major population centres on its path. It’s not an easy call, there’s also a chance that hurricane Irene could curve into the Atlantic, missing the coast altogether and some models reflect this with a landfall further north near Canada.

What is certain though is that hurricane Irene will impact the Turks & Caicos islands and the Bahamas over the next two days. Irene is still a Category 2 hurricane with sustained winds of 100mph, enough to cause significant damage to any area which experiences a direct hit. Dangerous storm surges are likely with some low-lying areas likely to be inundated.

The next 48 hours will bring a clearer picture of Irene’s future path and intensity, giving a better picture of exactly the size of the threat to the U.S. east coast. You can see the current forecast path of hurricane Irene below and you can view a more detailed interactive tracking map on our 2011 Atlantic Hurricane Season page.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Hurricane Irene forecast path

Hurricane Irene forecast path

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.