2020 Atlantic hurricane season

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Florida carrier performance worsens in 2020, even though hurricanes missed

Florida's homeowner's insurance carriers are struggling with their performance in 2020 and reporting significantly elevated combined ratios despite the fact this year's hurricane activity largely avoided the State. In a new report, Fitch Ratings explains that, "Florida homeowners' insurance specialists are reporting continued performance deterioration and a decline in capitalization levels." This read the full article →

The 2020 hurricane season – a story of storm frequency & rapid intensification

The 2020 Atlantic hurricane season comes to its official close today and two factors characterise what has been a record-setting season in many ways, the frequency of tropical storms and their rapid intensification, especially as they close in on landfall. The 2020 Atlantic hurricane season saw a record number of named read the full article →

Occurrence shift insulated ILS against 2020 hurricane frequency: SCOR IP’s Rossary

A general shift in favour of per-occurrence structures has helped to insulate insurance-linked securities (ILS) portfolios against some of the impacts of the record-setting 2020 Atlantic hurricane season Fabrice Rossary, the Chief Investment Officer of SCOR Investment Partners, has said. Insurance-linked securities (ILS) and catastrophe bond investors, having been hit hard read the full article →

Hurricane Iota could hit Category 5 before Central America landfall

Hurricane Iota has rapidly strengthened into a major hurricane and will bring catastrophic and life-threatening impacts to a Central American region that has yet to recover from the impacts of recent storm Eta. Hurricane Iota formed in the Caribbean in recent days and is taking a similar path to major hurricane read the full article →

Hurricane Delta onshore insured losses up to $4bn, offshore up to $1bn: RMS

Hurricane Delta is estimated to have caused onshore insurance and reinsurance industry losses in the United States of between $2 billion to $3.5 billion, with up to $500 million of wind losses also estimated inshore for Mexico, and up to another $1 billion of insured losses to offshore platforms also read the full article →

AIR: Hurricane Delta insured losses up to $3 billion

Catastrophe risk modelling specialist AIR Worldwide adds a dose of uncertainty around the whole hurricane Delta loss estimate story, saying that it puts the insurance and reinsurance market impacts from the storm in a wide range from $1 billion to as high as $3 billion. AIR's estimate spans most of the read the full article →

Hurricane Delta total insured losses said up to $2.7bn by CoreLogic

Hurricane Delta is estimated to have caused total insurance and perhaps reinsurance market losses of between $1.5 billion and $2.7 billion, taking into account both onshore wind and surge impacts as well as damage to offshore structures, CoreLogic has reported. CoreLogic's estimate for the onshore property insured loss from hurricane Delta's read the full article →

Hurricane Delta onshore insured property loss close to $1.25bn: KCC

Onshore insured property losses from hurricane Delta in both Mexico and the United States are seen as only coming close to $1.25 billion, by catastrophe risk modelling specialist Karen Clark & Company. The first official estimate of insurance and reinsurance market losses from the most recent hurricane to make landfall in read the full article →

Delta losses to fall largely to insurers, some reinsurance impact possible

Hurricane Delta made landfall in the region of Creole, Louisiana on Friday at 18:00 local time, at Category 2 hurricane strength with sustained winds of 100 mph and impacted a region already badly affected by hurricane Laura at the end of August. Having impacted Mexico's Yucatan Peninsula on Wednesday, where damage read the full article →

Hurricane Delta hits 120mph Cat 3, dangerous impacts forecast on landfall

Hurricane Delta has intensified overnight as expected reaching 120 mph Category 3 sustained winds as it tracks towards the northern Gulf Coast, with southwestern Louisiana expected to see damaging hurricane force winds and a life threatening storm surge on landfall. Hurricane Delta weakened after passing across Mexico's Yucatan Peninsula where damage read the full article →