Hurricanes News

Hurricane Irma Devastates Chain of Caribbean Islands, Now Setting Sights on Florida

Irma barreled toward Florida after battering Puerto Rico and devastating a chain of small Caribbean islands, as the Category 5 hurricane threatens to turn into the most expensive storm in U.S. history. Irma, one of three hurricanes churning toward North …

Climate Change and Hurricanes – The Worst Is Yet to Come

How powerful would Hurricane Harvey have been in 1880? How much stronger might it be in 2100? A single Hurricane Harvey has been more than anyone can bear. But to better prepare cities for future storms, researchers are preparing to …

Insurers Will Easily Swallow Harvey’s Claims but Growing Climate Risk Predicted

Damages from Hurricane Harvey’s ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from the major storms that hit New Orleans and New York in recent years, insurance executives have said. Though insurers should …

Lloyd’s Insurers’ Stocks Fall on Possible Claims from Hurricane Harvey

Lloyd’s of London insurers dropped amid speculation that they will suffer losses from Tropical Storm Harvey that’s battering Houston, the epicenter of the U.S. oil industry. The storm, which which made landfall as a category 4 hurricane and then drifted …

Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger

Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this year. The VVIX Index, which …

Franklin Briefly Becomes Atlantic Basin’s 1st Hurricane; Weakens to Tropical Storm

Tropical Storm Franklin made landfall as a Category 1 hurricane in eastern Mexico during Wednesday night with estimated maximum winds of 85 mph, according to a report issued by Weather Underground. Over the Bay of Campeche, the storm became the …

Tropical Storm Franklin May Become Atlantic Basin’s 1st Hurricane of 2017

Tropical Storm Franklin will exit Mexico’s Yucatan Peninsula later today and continue moving toward the southwest Gulf of Mexico or the Bay of Campeche coast on early Thursday, possibly becoming the Atlantic Basin’s first hurricane of the season, according to …

Weakening Typhoon Noru Could Hit Japan This Weekend

A typhoon that briefly strengthened into the Northern Hemisphere’s strongest storm of the year has lost much of its punch but could still hit Japan by this weekend. Typhoon Noru was packing maximum sustained winds of 194 kilometers (120 miles) …

Rising Seas May Wipe Out Jersey Towns and Millions in AAA Bonds

Few parts of the U.S. are as exposed to the threats from climate change as Ocean County, New Jersey. It was here in Seaside Heights that Hurricane Sandy flooded an oceanfront amusement park, leaving an inundated roller coaster as an …

Florida’s New ‘Hurricane Hunter’ Base on Schedule for Storm Season

Officials say they’re on schedule to open the new home base for the U.S. government’s “hurricane hunter” aircraft before the Atlantic hurricane season begins. The National Oceanic and Atmospheric Administration’s planes are specially equipped to collect forecasting data as they …