Atlantic Hurricane Season

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Hurricane Iota could hit Category 5 before Central America landfall

Hurricane Iota has rapidly strengthened into a major hurricane and will bring catastrophic and life-threatening impacts to a Central American region that has yet to recover from the impacts of recent storm Eta. Hurricane Iota formed in the Caribbean in recent days and is taking a similar path to major hurricane read the full article →

Hurricanes destructive power to extend further inland as climate warms: Study

A new study looking at the effects of climate change on hurricanes and tropical cyclones suggests that the insurance, reinsurance and insurance-linked securities (ILS) industry may need to prepare for storms that cause even wider swathes of damage and losses, with a warmer world linked to damage extending further inland. It's read the full article →

Tropical storm Eta’s soaking to continue in second Florida landfall

Tropical storm Eta is turning north and heading for the Gulf Coast of Florida, where the storm is expected to deliver a second soaking blow to the state, having caused flash flooding further south in its initial path. Tropical storm Eta's journey around the Caribbean, Florida straits and Gulf of Mexico read the full article →

Florida firmly in the cone for a strengthening resurgence of hurricane Eta

The state of Florida is firmly in the cone of uncertainty for the soon to develop tropical system that emerges out of the remnants of recent hurricane Eta, as longer-range forecasts we discussed earlier this week now have an increasing chance of verifying. Having slammed Nicaragua with a devastating blow at read the full article →

Hurricane Zeta onshore loss up to $5bn, offshore up to $500m: RMS

Catastrophe risk modeller RMS has now weighed in with its estimate of insurance and reinsurance industry losses likely to come from recent hurricane Zeta's impacts to the United States and it's a little higher than other modeller estimates. RMS said that it expects hurricane Zeta's onshore insured losses will be between read the full article →

Hurricane Eta to hit Nicaragua. Some forecasts suggest potential U.S. threat

Hurricane Eta is forecast to make landfall in Nicaragua, Central America early on Tuesday local time, with significant and catastrophic impacts likely. Further ahead, some of the weather models show hurricane Eta moving back into the Caribbean next week with a chance of the storm becoming a U.S. threat as read the full article →

AIR sees Zeta onshore U.S. loss below $3.5bn, CoreLogic below $4bn

Catastrophe risk modeller AIR Worldwide estimates that hurricane Zeta's onshore wind and storm surge insured losses in the United States will be less than $3.5 billion, with the bottom-end of its range far lower at $1.5 billion. Meanwhile, CoreLogic has also released an estimate, saying that it expects hurricane Zeta's insurance read the full article →

Hurricane Zeta wind & surge insured losses estimated at $4.4bn by KCC

Hurricane Zeta's wind and storm surge impacts on Mexico and the United States are expected to cost the insurance and reinsurance market close to $4.4 billion, according to an early estimate from Karen Clark & Company. The catastrophe risk modeller is first out of the blocks with a post-landfall estimate of read the full article →

Hurricane Zeta impacts reach far inland, loss to “well surpass $1bn” – Aon

Impacts and in particular wind damage from hurricane Zeta have spread far inland across the United States, bringing back memories of Isaias earlier this year. Impact Forecasting, the catastrophe risk analytics and meteorology unit of insurance and reinsurance broker Aon, said that insured losses from the storm that made landfall late read the full article →

Hurricane Zeta may move aggregate cat bond prices: Plenum

The impacts and eventual insurance market losses from hurricane Zeta's landfall on the Louisiana Gulf Coast is not expected to result in any direct losses to catastrophe bonds, but may move the price on certain aggregate cat bonds, according to Plenum Investments. Zurich-headquartered catastrophe bond and insurance-linked securities (ILS) focused investment read the full article →