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NOAA sees 40% chance of above-normal central Pacific hurricane season

The U.S. National Oceanic & Atmospheric Administration (NOAA) has predicted a 40% chance that the 2018 hurricane season in the central Pacific sees above-normal levels of activity, with the chance of an El Nino forming one factor that could result in more storms during the year.The Pacific hurricane season runs read the full article →

Hawaii facing consecutive hurricanes Madeline & Lester

The Big Island of Hawaii is set to face impacts from two hurricanes in a matter of days, as hurricane Madeline is set to strike the island this evening and hurricane Lester barrels towards making a closest pass to the island this weekend.Hawaii has reasonably high insurance penetration, meaning that read the full article →

RMS updates European Windstorm and Atlantic Hurricane models

New risk models for European windstorms and North Atlantic hurricanes have been released by RMS, offering insurance, reinsurance and ILS market users the ability to make enhanced risk selection and portfolio management decisions.A world leader in catastrophe risk management, RMS has announced the release of its newly updated software, version read the full article →

As hurricane season approaches, cat bond market shows its appetite

The catastrophe bond market continues to show its appetite to take on peak peril risks such as U.S., and especially Florida, tropical storm and hurricane risks, with over $4.1 billion of 2014 cat bond issuance having some exposure to hurricane season.The 2014 Atlantic tropical storm and hurricane season is set read the full article →

Personal parametric weather insurance trialled in Caribbean supported by CCRIF

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is broadening its reach with its first venture into personal insurance products and is supporting trials of a parametric personal weather insurance product designed to pay out to Caribbean residents after a natural disaster strikes.The CCRIF and its partners have teamed up to read the full article →

Caribbean Catastrophe Risk Insurance Facility members renew at reduced rates

All sixteen member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their hurricane and earthquake parametric insurance coverage for the 2013/2014 policy year which began on the 1st June. All members benefit from a premium discount for the upcoming policy year.The CCRIF is a catastrophe risk pooling read the full article →

‘Active or extremely active’ 2013 Atlantic hurricane season, forecast by NOAA

The last of the forecasters who we follow on Artemis, the U.S. National Oceanic and Atmospheric Administration or NOAA, has now published its forecast for the 2013 Atlantic hurricane season. The NOAA has joined all the other forecasters we follow by predicting an above average hurricane season.The NOAA always waits read the full article →

Above average Atlantic hurricane season activity expected: AccuWeather

Weather forecaster AccuWeather Inc. has joined other forecasters of tropical cyclone and hurricane activity in predicting a 2013 Atlantic hurricane season with above average levels of activity. Every forecaster that we have covered so far this year has called for levels of tropical storm and hurricane activity above the long-term read the full article →

CSU hurricane forecasters predict high risk of U.S. landfalls in 2013

Another of the well-respected hurricane forecasters has published its predictions for the 2013 Atlantic hurricane season and, like the forecasters we covered the other day, they call for an active season with a heightened risk of landfalling hurricanes on the U.S. coastline. This forecast is from the Colorado State University read the full article →

Early 2013 Atlantic hurricane season forecasts suggest active year

The 2013 Atlantic tropical storm and hurricane season begins on the 1st of June and runs until the end of November. As ever, around this time of the year the forthcoming hurricane season features more heavily in insurance and reinsurance firms and catastrophe bond & ILS investors thoughts as the read the full article →