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$50m to $150m in insured losses so far from Hurricane Earl, estimates AIR Worldwide

Hurricane Earl made a close pass by the Caribbean Leeward Islands this week and damage loss estimates are starting to come in. Losses are being tallied for the Virgin Islands, Puerto Rico, St. Maarten, and St. Martin.AIR Worldwide estimates that losses to date from Earl are somewhere between $50 and read the full article →

Hurricane Earl taking aim at east coast catastrophe bonds

The United States east coast is watching nervously as hurricane Earl approaches. Currently Earl is heading straight for the Carolinas coast, it is predicted to make a turn to the north-northeast prior to reaching the coast and then skirt the coastline as it heads towards Canada. That forecast track doesn't read the full article →

CCRIF to make payout after hurricane Earl hits Caribbean

Hurricane Earl passed close enough to the Caribbean island state of Anguilla yesterday to trigger a payment under the Caribbean Catastrophe Risk Insurance Facility (CCRIF). Early reports suggest that Earl, a major Category 4 hurricane, blew roofs off buildings in Anguilla, downed power lines and caused beach erosion and flooding read the full article →

Earl now a Category 4 hurricane, threatens the U.S. East Coast

The Atlantic tropical storm season has kicked off with a vengeance. There are three named storms in the Atlantic right now; Danielle which reached Category 3 but never threatened land, Earl (more about him later) and Fiona who is a few days off becoming a hurricane. Both Danielle and Earl read the full article →