All Hurricane season articles
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NewsNat cats in 2024 likely to surpass last year’s claims bill – Aon
A Q3 Global Catastrophe Recap report from Aon Reinsurance Solutions sees nat cat losses already exceeding $102bn for this year, while global reinsurer capital neared $700bn as of the year’s halfway point.
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NewsMilton makes Florida landfall south of Tampa
Hurricane Milton’s US landfall came at Siesta Key as a category three storm, leaving more than two million homes and businesses without power.
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NewsVerisk estimates Beryl US insured losses in $2-3bn range
The cat modeler’s estimate for Hurricane Beryl is based on industry insured losses to onshore property from wind.
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News‘Above average’ hurricane season expected – Moody’s
A hyperactive season is not out of the question, suggests Moody’s, in its 2024 Northern Hemisphere Tropical Cyclone Outlook report.
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NewsAcrisure Re forecasts ‘extremely active’ 2024 hurricane season
This summer’s Atlantic hurricane season could be “double the average”, with a rise in sea surface temperatures and a weaker La Niña weather phase.
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NewsEnd of the US hurricane season for 2023 – MS Amlin comment
With the close of the hurricane season at the end of November, the re/insurer warned that “one relatively subdued North American season doesn’t signal…that it’s time for a market softening”.
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NewsIdalia: Moody’s RMS provides $3.5bn insured loss estimate; versus $2.5-4bn Verisk figure
The first major hurricane landfall in Florida’s Big Bend since records began in 1842, Idalia could have been much worse had it taken a different track or not weakened before landfall.
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NewsIdalia impact limited by low population area landfall - Moody’s RMS
Florida’s Big-Bend coastal area is sparsely populated, reducing the impact of Hurricane Idalia, while inland losses are expected to be less than last year’s Hurricane Ian.
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NewsNOAA ups its Atlantic hurricane season prediction
The National Oceanic and Atmospheric Administration (NOAA) has raised the Atlantic hurricane season prediction to ‘above normal’, in a statement posted to its website.
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NewsFirst half catastrophes “much higher than the 10-year average” – Munich Re
Earthquakes, thunderstorms and floods led the natural disaster figures for the first half of 2023.
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NewsStorms are getting stronger – Lockton Re climate study
Reinsurance broker Lockton Re has published a report on climate change and hurricane trends.
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NewsHurricane Ian to bring ‘near record’ insurance losses
Ian will leave insurers with their largest loss since Hurricanes Harvey, Irma and Maria in 2017, says GlobalData
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NewsHurricane Ian will 'test' Florida reinsurance program - AM Best
Ian could add to the capital pressure faced by ’thinly capitalised’ insurers and see reinsurance rates harden further
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NewsHurricane Ian takes aim at Florida
Current forecasts show the storm skirting the west coast of Cuba before intensifying as it crosses the Gulf of Mexico
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NewsHurricane Fiona threatens Bermuda as a cat 4
After a remarkably quiet hurricane season to date, Fiona is gaining strength as it passes over Grand Turk Island
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NewsReinsurers risk misunderstanding secondary perils due to cat models
PWC predicts a ‘pretty expensive year’ as secondary perils drive up losses ahead of H2’s Florida hurricane season
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NewsPressure builds ahead of mid-year renewals
Most monoline Gulf carriers were not able to complete their catastrophe reinsurance treaties, including Citizens
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NewsHeritage details cat reinsurance program
Reinsurance to Assist Policyholders (RAP) program unnecessary despite ’deteriorating capacity for Florida risk’
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NewsTSR maintains above-average hurricane forecast
TSR predicts that the 2022 hurricane season may carry an increased risk in the latter part of the storm season
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NewsAGCS: Above-average hurricane trend continues
Scientists believe climate change will make hurricanes wetter, increasing the risk of flooding
