hurricane Delta 2020

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FedNat expects agg reinsurance recovery for Delta, expands quota share

FedNat Holding Company, the U.S. primary insurance carrier group, has again said that it expects the latest hurricane to hit the United States will trigger a catastrophe reinsurance recovery for the firm, as losses from Delta are expected to exceed its aggregate retention. FedNat estimates that aggregate gross losses it suffers 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 →

Hurricane Delta forecast for Louisiana landfall, models point to single-digit billion loss

Hurricane Delta struck the Yucatan Peninsula region of Mexico yesterday, causing damage to properties including in the high-value Cancun resort region. The hurricane weakened slightly, but has since intensified again after emerging fully over the Gulf of Mexico. Hurricane Delta is now forecast to continue intensifying as it moves across the read the full article →

Hurricane Delta to slam Yucatan, approach Gulf Coast at near Cat 3 strength

Hurricane Delta has weakened slightly on approach to Mexico's Yucatan Peninsula, but still at major Category 3 strength will deliver a life-threatening storm surge and damaging winds and is then expected to head into the Gulf where it could maintain major status right up to landfall on the U.S. Gulf read the full article →

Hurricane Delta hits major Cat 4 status, threat to Mexico’s cat bond increasing

Hurricane Delta has now intensified into the third major hurricane of the 2020 Atlantic storm season and with further strengthening in the forecast this storm could pose a test for the World Bank issued FONDEN 2020 catastrophe bond sponsored by the Mexican government. Hurricane Delta became the fastest 25th named storm read the full article →