2020 Atlantic hurricane season

The chance that hurricanes making landfall in the United States during the 2020 Atlantic tropical storm and hurricane season has become even more pronounced with the latest forecasts, but remains less elevated than the chance of it being a far above average hurricane season from an activity point of view, according to ILS investment manager […]

Hurricane Isaias’ impacts could drive insurance and reinsurance industry losses of up to $5 billion, according to an estimate from catastrophe risk modelling specialist RMS.

Hurricane Isaias may have caused the insurance and reinsurance industry a loss of as much as $4.2 billion, according to analysis from catastrophe risk modeller Karen Clark & Company (KCC)

Hurricane Isaias, which impacted the Caribbean, made landfall in the Bahamas, then raked the Florida coast, after which it made landfall in the Carolinas and went on to impact the U.S. northeast including New York, is expected to cause insured losses of more than $1 billion.

The 2020 Atlantic tropical storm and hurricane season is now forecast to have an 85% chance of “above-normal” levels of activity by NOAA, as the agency lifted its forecast for the season to call for an “extremely active” few months ahead.

Two of the main hurricane forecasting teams that we track here at Artemis have both raised their seasonal forecast numbers for the 2020 Atlantic tropical storm and hurricane season significantly, with more than 10 hurricanes now expected to form.

Tropical storm Isaias had a close brush with Florida as a low category hurricane and is now heading north for an expected landfall in the Carolinas, with forecasters expecting the storm to regain weak hurricane status before coming ashore in North Carolina.

Tropical storm Isaias has formed in the southern Caribbean overnight and is seen as the first storm of the 2020 Atlantic tropical storm and hurricane season with the potential to pose a hurricane threat to Florida and U.S. East Coast.

Hurricane Hanna’s impacts in Texas after its landfall packing 90 mph sustained winds over the weekend is estimated to have caused an insurance market loss of roughly $350 million by catastrophe risk modeller Karen Clark & Company (KCC).

Neither Hurricane Hanna’s impacts in the region of Texas where it made landfall as a category 1 storm over the weekend, or hurricane Douglas’ impacts on the islands of Hawaii as it skirted them at category 1 strength today, are expected to have any effect on outstanding catastrophe bonds, according to investment manager Plenum.