2011 hurricane season

Another Atlantic tropical storm & hurricane season comes to an end. The 2011 hurricane season has been one of the most active on record as far as storm formation in the Atlantic basin goes, but one of the lower impact seasons as far as U.S. landfalling storms and actual losses goes. That continues the trend […]

Just when you thought the 2011 Atlantic hurricane season might have come to an early close, another tropical storm forms in the western Caribbean sea. Tropical storm Rina, forecast to become hurricane Rina in the next few days is currently situated off the eastern coast of Honduras and is forecast to strengthen steadily as the […]

Risk Management Solutions (RMS) have finalised their modelling work to estimate final index values from their Paradex tool for hurricane Irene which hit the U.S. eastern coastline recently. The final Paradex index value is $2.82 billion which is 85% attributed to residential losses.

The 2011 Atlantic Hurricane Season is really beginning to hot up and there are currently three named storms to keep an eye on. Similar to last year though, it’s hard to tell what, if any real impact they will have on the U.S. The 2011 season is certainly proving to be very active, as had […]

Tropical storm Lee hit the Gulf Coast states over the weekend bringing winds and extremely heavy rains to many areas from Texas through to the Florida panhandle. Louisiana seems to have taken the brunt of the storm with some reports of more than 15 inches of rain in certain areas causing severe flooding.

Colorado State University Department of Atmospheric Sciences has issued its latest two-week forecast for hurricane activity in the Atlantic. They predict an active period in the fortnight to come. One reason for this is the way they calculate activity using their Accumulated Cyclone Energy (ACE) index to denote activity levels. They say that Katia, which […]

Tropical storm Katia has now become hurricane Katia. The second hurricane of the 2011 Atlantic hurricane season, hurricane Katia originally formed way over to the east near the Cape Verde islands and is making her way slowly westwards. Forecast models diverge considerably on her eventual destination, with some showing Katia curving northwards to potentially threaten […]

Tropical storm Katia is currently in the mid-Atlantic with maximum sustained windspeeds of 65mph. A fairly large storm already, with tropical storm windspeeds extending up to 85 miles from the centre, Katia is forecast to become a hurricane within the next few hours. It’s likely that the next advisory from the National Hurricane Centre will […]

Risk modelling firm AIR Worldwide have released an estimate for insured losses to U.S. onshore properties from hurricane Irene. They expect the final bill to be somewhere in the $3 billion to $6 billion range for re/insurers. This estimate includes wind and storm surge damage to onshore residential, commercial and industrial properties and their contents, […]

While hurricane Irene resulted in losses and damages in six of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) member countries (Anguilla, Antigua & Barbuda, the Bahamas, Haiti, St. Kitts & Nevis and the Turks & Caicos Islands), the damages were not severe enough to trigger any payments under the terms of their CCRIF policies. The […]