tropical storm Gordon 2018

The eventual industry loss to insurance and reinsurance interests from tropical storm Gordon’s impacts in the Gulf Coast region and inland, after its Tuesday evening landfall, are not expected to be significant, with catastrophe risk modelling specialists Karen Clark & Co. estimating an industry loss of just $125 million.

Tropical storm Gordon is now anticipated to reach category 1 wind speeds and become hurricane Gordon by the time it makes landfall in the north central Gulf Coast region later today.

Potential tropical cyclone seven is likely to be upgraded to Tropical Storm Gordon in the coming hours and this seventh named storm of the 2018 Hurricane Season is forecast to steadily intensify as it moves into the Gulf of Mexico and heads north-west.