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CFAN forecasts 7 Atlantic hurricanes for 2019, predicts El Niño to weaken

The 2019 Atlantic hurricane season could see as many as 7 hurricanes according to forecaster Climate Forecast Applications Network (CFAN), who expects that El Niño conditions will weaken and could transition to ENSO neutral by peak hurricane season this year.Other forecasters we've covered so far this season are all on read the full article →

2019 hurricane activity forecast slightly below average for Atlantic: TSR

The 2019 Atlantic Hurricane Season is expected to deliver very slightly below long-term average levels of tropical storm activity, according to industry supported researcher Tropical Storm Risk (TSR).TSR, the insurance and reinsurance industry supported tropical weather researchers from London, had already given an early forecast of long-range activity levels for the read the full article →

Hurricane forecast additions predict average(ish) 2019 Atlantic season

New long-range hurricane forecasts from the Colorado State University and Accuweather forecasting teams both suggest a 2019 Atlantic hurricane season with a roughly average level of storm activity is most likely.It's important to note that these long-range hurricane season forecasts are not to be solely relied upon for the serious read the full article →

2019 hurricane forecast points to slower season if El Niño holds

An early 2019 hurricane season forecast from suggests this year could see a little less Atlantic tropical storm related activity than normal overall, but the recently begun El Niño events strength and persistence is expected to be a major factor here.NOAA announced the arrival of an El Nino event back read the full article →

2019 Atlantic hurricane outlooks suggest average year, but El Niño adds uncertainty

The first long-range outlooks and forecasts for the 2019 Atlantic hurricane season both suggest an average level of storm activity, but note some uncertainty over whether an El Niño event occurs and how strong the El Niño Southern Oscillation (ENSO) trend is.First, Tropical Storm Risk, the insurance and reinsurance industry read the full article →

Markets fear an Irma-like loss creep for hurricane Michael

ILS and some reinsurance markets are beginning to show signs of fearing and in some cases expecting an Irma-like loss creep to occur with more recent hurricane Michael, leading some to even suggest that the industry insured loss could near $12 billion.At the moment the industry loss estimates for hurricane read the full article →

Hurricane Florence may cost N.C. $17bn, but as little as 27% insured

According to the state's Governor Roy Cooper, the economic impact of hurricane Florence on North Carolina could reach as high as $17 billion, which would put the percentage covered by private insurance as low as 27%.Hurricane Florence struck the U.S. eastern seaboard in September and soaked the state of North read the full article →

Hurricane Michael industry loss said up to $10bn by RMS

The industry loss to insurance and reinsurance interests from hurricane Michael is estimated to be somewhere between $6.8 billion and $10 billion by RMS, with the majority driven by wind damage to residential properties.RMS' industry loss estimate for hurricane Michael aligns with others that suggest the final bill to the read the full article →

Carriers have capital & reinsurance to respond to hurricane Michael: Demotech

Insurance carriers reviewed by Demotech all have the capital and reinsurance backing that is required for them to respond to claims in the wake of hurricane Michael, a storm that may have caused as much as $15 billion to $20 billion of insured losses according to the firm.Demotech says that read the full article →

Hurricane activity may support January 2019 reinsurance pricing: Morgan Stanley

Reinsurance pricing at the upcoming key January 2019 renewals could be supported by the active hurricane season and the unique features of recent storms, meaning rates may hold up better than had been anticipated, according to Morgan Stanley's analysts.Morgan Stanley's analyst team had been expecting reinsurance rates to return to read the full article →