2013 Atlantic hurricane season

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Tropical Storm Barry forms in the Gulf, aims for Mexico

The second named tropical storm of the 2013 Atlantic hurricane season formed in the Gulf of Mexico yesterday, as a tropical depression attained enough organisation to reach high enough wind-speeds to be named. Tropical storm Barry is heading directly for the Veracruz region of Mexico, so poses no threat to read the full article →

Best of Artemis, week ending 9th June 2013

As forecast we saw the first named storm of the 2013 Atlantic hurricane season last week in tropical storm Andrea. As always, you can read every market news story and article here on the Artemis news blog, subscribe to our weekly email newsletter updates and for your convenience here are read the full article →

Tropical storm Andrea, first of 2013 season, forms in the Gulf and heads for Florida

The 2013 Atlantic Hurricane Season has its first tropical storm of the season which formed just five days into the six month long tropical season. As we suggested here last Friday, the disturbance in the southern Gulf of Mexico, largely consisting of remnants of Pacific storm Barbara, has now developed read the full article →

Forecasters confidence that Atlantic hurricane season will be active increases

Two of the most respected hurricane forecasters have updated their predictions for the 2013 Atlantic Hurricane Season today. The Colorado State University team has kept the number of storms and hurricanes it forecasts the same, but says its confidence in the forecast has increased. Meanwhile Tropical Storm Risk has very read the full article →

AIR: Insured value of coastal U.S. property exceeds $10 trillion

Risk modelling firm AIR Worldwide has just published a very timely update to its 'The Coastline at Risk' report, in which it presents updated estimates for the insured value of residential and commercial U.S. properties in states and counties  along the Atlantic eastern seaboard and the Gulf Coast.This update from read the full article →

$1.1 trillion U.S. residential property value exposed to hurricane storm surge

According to the latest report from modeling, data and analytics firm CoreLogic the total value of residential property at risk of hurricane storm surge damage is now estimated at $1.1 trillion. The report contains updated estimates for both the number and value of single-family homes exposed to hurricane-driven storm-surge damage read the full article →

Atlantic hurricane season starts tomorrow, tropics already ripe for development

The 2013 Atlantic Hurricane Season begins tomorrow and runs for six months, from June 1st until the end of November, and the tropics are already looking ripe for storm development according to a number of forecasting models. Forecasters predict an active season in 2013 and conditions look conducive to storm read the full article →

Growing number of capital markets investors accepting hurricane risk: Fitch

As the insurance and reinsurance industry fast approaches the 2013 Atlantic Hurricane Season, which technically begins tomorrow on the 1st June, ratings agency Fitch Ratings says that the U.S. insurance industry has the capacity to withstand potential losses from hurricane related perils, helped by the growing acceptance of hurricane risk 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 →