Tropical storm Alberto 2018

The level of industry losses faced by insurance and reinsurance interests after the impacts of sub-tropical storm Alberto in the United States is expected to be minimal, with catastrophe risk modellers Karen Clark & Company estimating that the insured impact will be close to $50 million.

Sub-tropical storm Alberto, the first named cyclone that has formed just in advance of the official start of the 2018 Atlantic hurricane season, is now approaching the Gulf Coast with sustained winds that have intensified to 65mph and is expected to make landfall in the Florida Panhandle.