The Atlantic Ocean has spawned lots of storms this season while doing much less damage than prior years. But warming waters promise trouble ahead. The 2019 Atlantic hurricane season, which ends Nov. 30, has been the eighth most-active in named …
The 2019 Atlantic hurricane season, which ends on November 30, was marked by tropical activity that churned busily from mid-August through October, according to the National Oceanic and Atmospheric Administration (NOAA). The season produced 18 named storms, including six hurricanes …
Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses in the billions, according to Aon’s monthly Global Catastrophe Recap report. Total economic and insured losses in the Bahamas alone …
Catastrophe modeling firms Karen Clark & Co. and RMS have released insured loss estimates for Hurricane Dorian, ranging from $500 million to $1.5 billion. According to KCC, Dorian reached peak intensity of 185 mph while over the Bahamas, one of …
Residents and the insurance industry in Southeast states are feeling relieved after Hurricane Dorian grazed the U.S. coastline last week just days after it caused catastrophic damage in the Bahamas. While the storm was at one point a Category 3 …
As Hurricane Dorian finally begins to move away from the North Carolina coast, North Carolina Insurance Commissioner Mike Causey says the North Carolina Department of Insurance is ready to assist with any insurance related questions or concerns and is urging …
Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the …
Texas’ insurer of last resort for properties in counties along the state’s coastline says it has $4.2 billion in available funds as this year’s hurricane season gets underway. By comparison, at the start of the hurricane season in 2017 the …
Florida Chief Financial Officer (CFO) Jimmy Patronis has launched an initiative designed to encourage Floridians to prepare now before a hurricane makes landfall. According to a statement from the Florida Department of Financial Services, the new Prepare Florida initiative will …
Forecasters are expecting this year’s North Atlantic hurricane season to be roughly average, with about 14 named storms including six full-fledged hurricanes. Last week, the government finally dealt with the fallout from 2018, enacting a $19.1 billion relief package to …
