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Hurricane Irene, update prior to landfall

Update: Irene made landfall around 7.30am ET about 60 miles south west of Cape Hatteras with maximum sustained winds of 85mph.The centre of Irene will move across eastern North Carolina today and over southern New England tomorrow, Sunday. Irene is forecast to remain a hurricane as it moves near or read the full article →

S&P keeping watch on hurricane Irene exposed catastrophe bonds

Ratings agency Standard & Poor's has issued a press release to say that they are keeping an eye on the progress of hurricane Irene as she approaches the U.S. coastline in case the storm has any impact on any catastrophe bonds that they provide ratings for. A number of catastrophe read the full article →

Hurricane Irene batters Bahamas, takes aim at U.S. coast

Hurricane Irene has now left the Bahamas islands behind after striking them with devastating winds and storm surges. The main capital of Nassau escaped the brunt of the storm but other, less inhabited islands such as Abaco, took a near direct hit and will be counting the cost this morning. read the full article →

Video: Aon Benfield’s Paul Schultz discusses catastrophe bonds and hurricane Irene

Hurricane Irene continues to pass through the Bahamas as a dangerous Category 3 hurricane carrying maximum sustained winds of 120mph and higher gusts. The U.S. eastern seaboard is watching nervously as the forecast models continue to show a northeastern landfall of a major and dangerous hurricane Irene. Of course, everybody read the full article →

Hurricane Irene a potential threat to many catastrophe bonds

Hurricane Irene has now intensified into a major Category 3 hurricane with maximum sustained winds of 115mph. The storm is forecast to intensify further as she makes her way through the Bahamas before heading for the U.S. coastline. Where exactly she will hit the U.S. coast, or if she even read the full article →

Intensity and direction of hurricane Irene increasingly uncertain

Weather conditions are making it increasingly difficult to forecast how powerful hurricane Irene will get and the direction she will head in towards the U.S. coastline. The forecast path of hurricane Irene predicted by the models has shifted slightly further east, showing a landfall late Saturday afternoon somewhere between Wilmington read the full article →

Hurricane Irene could cause Caribbean Catastrophe Risk Insurance Facility payouts

Hurricane Irene continues to make her way across the Caribbean showing no sign of decreasing in size or strength. In fact just the opposite, hurricane Irene looks set to intensify further and grow in size as she crosses the warm waters of the northern Caribbean heading straight for the Turks read the full article →

Hurricane Irene intensifying, heading for Turks & Caicos, Bahamas and the U.S.

Update: Hurricane Irene has now become a strong Category 2 hurricane with maximum sustained winds of 100mph and higher gusts. Forecasts now show Irene strengthening further to a Category 3 storm with winds of up to 125mph by the time the storm passes through the Bahamas and could make Category read the full article →

Tropical storm Irene approaching hurricane strength

Update: Irene has now reached hurricane strength with 75mph+ sustained winds. The 9th named tropical storm of the 2011 Atlantic hurricane season, Irene, looks like it has the potential to be the most impactful of the season so far. Currently Irene is close to making landfall on Puerto Rico in the read the full article →