tropical storm Gonzalo

The Caribbean Catastrophe Risk Insurance Facility’s (CCRIF) parametric excess rainfall insurance product has been triggered for the first time by hurricane Gonzalo’s rains, resulting in a $500,000 payout to the Government of Anguilla.

Hurricane Gonzalo, a major Category 4 storm, continues to head for Bermuda and looks set to impact the island heavily over the coming day or so. Here are some of the latest updates, tracking maps and forecast model information.

Hurricane Gonzalo, the seventh named storm of the 2014 Atlantic Hurricane Season, formed to the east of the Leeward islands at the beginning of this week and has steadily intensified to Category 3 major hurricane status and poses a severe threat to Bermuda.

Tropical storm Gonzalo, the seventh named storm of the 2014 Atlantic Hurricane Season, has formed to the east of the Leeward islands and is expected to become a hurricane in the coming days. The forecast models do not expect any U.S. threat to emerge from this storm.