tropical storm Dorian 2019

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Bahama insurers hurricane Dorian loss forecasts rising towards $2bn

Loss expectations from hurricane Dorian are rising towards $2 billion for the primary insurance carriers located in the Bahamas, as the latest company updates emerge and the financial impacts of the devastating storm continue to rise for the local industry.We reported last week that local insurers in the Bahamas were read the full article →

Bahamas insurers could pay $1.5bn hurricane Dorian claims

Primary insurance carriers located in the Bahamas are set to take around $1.5 billion of losses following the impacts of claims from hurricane Dorian earlier this year, according to the local insurance association.As a result of the high levels of claims to be paid by local Bahamian insurance carriers, there read the full article →

Dorian’s U.S. insured loss under $600m, typhoon Faxai $5bn+: Aon

According to insurance and reinsurance broker Aon, hurricane Dorian's impacts in the United States are only expected to result in insured losses of up to $600 million, while in Japan the broker says typhoon Faxai will cost re/insurers over $5 billion.September proved a costly month for the insurance and reinsurance read the full article →

Hurricane Dorian insured losses could reach up to $8.5bn, RMS estimates

Hurricane Dorian may ultimately result in an impact to the insurance and reinsurance industry of up to $8.5 billion across all territories affected by the storm, according to catastrophe risk modelling specialist RMS.The risk modelling firm had already pegged the industry loss from hurricane Dorian's impacts to the Caribbean and read the full article →

KCC pegs total hurricane Dorian industry insured loss at $5.23bn

Hurricane Dorian is estimated to have caused an industry insured loss of $5.23 billion by catastrophe risk modeller Karen Clark & Company (KCC).It's a very specific modelled loss estimate for the impact the insurance and reinsurance industry may face from hurricane Dorian, with the Bahamas the source of the brunt read the full article →

RMS sees Dorian wind & surge Caribbean industry loss at up to $6.5bn

Hurricane Dorian is estimated to have caused a wind and storm surge related insurance industry loss of between $3.5 billion and $6.5 billion in the Caribbean and Bahamas by catastrophe risk modelling specialists RMS.The figure is higher than another risk modelling firm AIR Worldwide which said the insurance industry loss read the full article →

Hurricane Dorian Caribbean & Bahamas industry loss up to $3bn: AIR

Hurricane Dorian is estimated to have caused an insurance industry loss in a range from $1.5 billion to as much as $3 billion from its impacts to the Caribbean islands, according to AIR Worldwide.Hurricane Dorian impacted a range of Caribbean islands on its passage towards the Bahamas and United States.Having read the full article →

Dorian weakens as it lashes NC, continues north with hurricane winds

Hurricane Dorian has begun to weaken somewhat as it lashes the North Carolina coast, with flooding from storm surge and rainfall reported in some areas, as well as wind damage. The storm is now expected to sustain its hurricane force winds right up into eastern Canada and the surrounding region.Last read the full article →

Hurricane Dorian impact on Bahamas likely to cost $7bn+, says KCC

Hurricane Dorian's category 5 winds and devastating storm surge are expected to result in combined insurance and economic costs of at least $7 billion, according to an estimate from Karen Clark & Company.The company believes that this figure will be reached based on insurance and reinsurance market losses as well read the full article →

Hurricane Dorian lashing Carolinas coastal areas

Hurricane Dorian remains a dangerous storm offshore of the southeastern United States, but it has weakened very slightly back to Category 2 status although still poses a dangerous threat to the Carolinas where a landfall remains possible.Update, Sep 6th: Hurricane Dorian has weakened slightly but remains a Category 1 hurricane read the full article →