2019 Atlantic hurricane season

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Hurricane Barry private insurance loss $300m to $600m (ex-NFIP), says Corelogic

Hurricane Barry estimates are coming in fact now, with the latest from Corelogic suggesting that the insured wind and flood loss will be from $300 million to as much as $600 million, excluding any claims for the NFIP.That's a higher estimate than RMS' that we explained earlier called for insurance read the full article →

Hurricane Barry industry loss under $500m, NFIP to take half: RMS

Insurance industry loss estimates from recent hurricane Barry are not expected to exceed $500 million, both to private and public markets, with the NFIP set to take roughly half the total and a likelihood that primary insurers will bear the brunt, with little falling to reinsurance carriers.Catastrophe risk modelling experts read the full article →

Hurricane Barry estimated as $300m private re/insurance market loss: KCC

Hurricane Barry's impacts on Louisiana and the surrounding area are expected to result in an insurance and reinsurance market loss of around $300 million, not including any NFIP flood insurance losses, according to Karen Clark & Company (KCC).Catastrophe risk modelling specialist Karen Clark & Company (KCC) is as ever quick read the full article →

Storm Barry to hit hurricane status, surge, rain & flooding the main threat

Louisiana and the surrounding region faces a difficult few days as tropical storm Barry makes its final approach. The NHC said in its latest update that it still expects hurricane Barry by landfall in the coming hours, as the storm continues to intensify.But it is the flooding threat that is read the full article →

Tropical storm Barry forms. Torrential rain forecast, possible hurricane winds

Tropical storm Barry has now formed in the Gulf of Mexico, the second named storm of the 2019 Atlantic hurricane season, and is forecast to bring long-duration, torrential rainfall and could intensify into a hurricane Barry by landfall.Tropical storm Barry began as a low pressure system that moved way southwards read the full article →

Tropical storm Barry brews, as hurricane forecasts stay static

Two of the main Atlantic hurricane forecasts have been kept almost static, one citing the slightly reduced chances of an El Niño influence during the season ahead, while at the same time a low pressure disturbance has a good chance of becoming tropical storm Barry in the Gulf later this read the full article →

Immediate likelihood of El Niño developing has passed: Australia’s BOM

Interesting news for anyone interested in the forecasts for Atlantic tropical storm and hurricane activity levels, which let's face it includes the majority of the ILS and reinsurance markets. The chance of El Niño developing in the coming months appears to have dropped considerably, by one metric.El Niño is understood read the full article →

2019 hurricane forecast & landfall probabilities raised by Colorado State

The Colorado State University (CSU) tropical weather forecasting team has increased its prediction for the number of hurricanes that will form during the 2019 Atlantic Hurricane Season and also its landfall probabilities, but still cite the significant uncertainty associated with El Nino's influence this year.Releasing their latest hurricane forecast update read the full article →

TSR raises Atlantic hurricane forecast to 6, UK Met goes higher at 7

The final updates to forecasts for the 2019 Atlantic Hurricane Season are coming in thick and fast now, with updates from Tropical Storm Risk (TSR) and the UK Met Office now raising the average forecast for the season slightly.The official start-date for the Atlantic tropical storm and hurricane season is read the full article →

Florida still ground-zero for hurricane storm surge risk

The state of Florida remains the most exposed to hurricane driven storm surges, with a huge 2.9 million homes in the state considered exposed which together have a combined reconstruction cost value of a stunning $603 billion.As a result, Florida is naturally not just ground zero for reinsurance risk premiums read the full article →