Atlantic Hurricane Season

The US National Oceanic and Atmospheric Administration (NOAA) has updated its forecast for the 2021 Atlantic hurricane season, saying that it now anticipates an even more active year in the Atlantic tropics, with now a 65% chance of above-normal activity levels.

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.

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).

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.

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.

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.

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.

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.

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.

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.