Atlantic Hurricane Season

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No room for complacency around earthquake risk: ILS Asia 2021

To the reinsurance and insurance-linked securities (ILS) market, earthquake risk is one of the biggest peril threats in the world and one that the market can’t be complacent about, according to Paul Wilson, Head of Non-Life Analytics at Securis Investment Partners. In recent years, the resilience of the ILS market has read the full article →

Hurricane Elsa insured losses seen under $350m by KCC

Insurance industry losses from recent hurricane Elsa's impacts in the Caribbean and the United States are estimated to be less than $350 million, by catastrophe risk modelling firm Karen Clark & Company (KCC). For the Caribbean specifically, KCC expects the insurance market loss from hurricane Elsa will be less than $50 read the full article →

Hurricane forecast for 2021 season raised by Colorado State

Tropical storm and hurricane research meteorologists at Colorado State University have increased their forecast for activity during the 2021 Atlantic hurricane season, with their above-average seasonal forecast now lifted to include 20 named storms and 9 hurricanes. That's an increase of 3 named tropical storms in the forecast update, as well read the full article →

Storm Elsa regained hurricane strength, set for Florida landfall

Tropical storm Elsa regained its hurricane status briefly overnight, as environmental conditions were conducive to some restrengthening. Now back to being a 70 mph sustained wind tropical storm, Elsa is set for a landfall over the west Florida coast. Hurricane watches were turned to warnings for a large area of the read the full article →

Elevated Gulf landfall risk this hurricane season: Twelve Capital

There is an elevated risk of Gulf Coast hurricane landfalls during the 2021 Atlantic tropical storm and hurricane season, while overall activity levels are expected to be broadly in line with the climatological norm, according to ILS investment manager Twelve Capital. The insurance-linked securities (ILS), catastrophe bond and reinsurance focused investment read the full article →

Weaker tropical storm Elsa still a Florida disruption & damage threat

Tropical storm Elsa weakened from its once hurricane status over the weekend and is now heading for a Cuba landfall before it moves into the Florida Straits. But despite being weaker, tropical storm Elsa still has the potential to be disruptive in the state and cause damage. Tropical storm Elsa now read the full article →

Elsa strengthens to hurricane, Florida still in the forecast cone

We now have our first hurricane of the 2021 Atlantic tropical storm season, as tropical storm Elsa has intensified as anticipated and now becomes hurricane Elsa, with the forecast still bringing the storm towards Florida over the coming days. Hurricane Elsa is forecast to head through the Caribbean with a number read the full article →

Tropical storm Elsa forecast for Florida / Gulf approach

Tropical storm Elsa has now formed in the Atlantic and become the earliest fifth named storm on record, while only just missing another record for forming the furthest east this early in the season and is now forecast to track towards Florida and the Gulf Coast by early next week. The read the full article →

Depression may be named tropical storm Danny at South Carolina landfall

Tropical depression four which sits just off the South Carolina coast is expected to become the fourth named storm, as tropical storm Danny, of the 2021 Atlantic hurricane season before it makes landfall later today to the south-west of Charleston. If tropical storm Danny is named, as meteorologists seem to be read the full article →

Inflation to “sharply increase” hurricane claims costs, warns Swiss Re

Swiss Re has warned that insurance and reinsurance firms will face increased indemnity costs after land-falling hurricanes in the United States this year, as inflationary factors are set to drive claims amounts higher. In summarising what to expect from the 2021 Atlantic hurricane season, according to the forecasts, Swiss Re also read the full article →