hurricane Sally 2020

Hurricane Sally made a last attempt to strengthen as it wobbled slowly towards the north Gulf Coast and has now intensified into a Category 2 storm, with sustained winds reaching 105 mph and higher gusts being reported.

While hurricane Sally’s wind speeds have remained relatively static throughout today as a Category 1 hurricane, the expectations for rainfall from the storm have increased, with the NHC warning of a “historic flooding” event for the northern Gulf Coast region.

Tremor Technologies, the insurtech company that offers a technology-based programmatic insurance and reinsurance risk transfer marketplace, is set to make its marketplace available for every major hurricane threat, with live cat auctions set to be run by the insurtech, including today for hurricane Sally.

Hurricane Sally has now formed in the Gulf of Mexico and as some forecasts had suggested is now showing the potential for further rapid intensification, with at minimum a Category 1 or 2 hurricane landfall now anticipated on the central Gulf Coast, not far from New Orleans.