tropical storm Hanna 2020

Hurricane Hanna’s impacts in Texas after its landfall packing 90 mph sustained winds over the weekend is estimated to have caused an insurance market loss of roughly $350 million by catastrophe risk modeller Karen Clark & Company (KCC).

Neither Hurricane Hanna’s impacts in the region of Texas where it made landfall as a category 1 storm over the weekend, or hurricane Douglas’ impacts on the islands of Hawaii as it skirted them at category 1 strength today, are expected to have any effect on outstanding catastrophe bonds, according to investment manager Plenum.

Hurricane Hanna, the first hurricane of the 2020 Atlantic tropical storm season, saw its sustained winds reaching 90mph before making landfall on the Texas coastline late yesterday. Post-landfall update towards the foot of this article.

Two tropical storms, Gonzalo and Hanna, each of which has broken records as the earliest seventh and eighth named storms to form of the Atlantic tropical storm and hurricane season, are threatening impacts in the coming days.