Hurricane Sally made landfall around 5:45 AM EDT on September 16 as a category-2 hurricane, with maximum sustained winds of 105 mph. The core of Sally moved ashore over Orange Beach, Alabama after gaining strength on its final approach to the coast. The slow forward motion of the storm together with its gain in intensity brought prolonged periods of heavy rainfall, storm surge ... Continue Reading »
Atlantic Alphabet Exhausted; Cat-4 Teddy to Approach Bermuda, Wilfred & Alpha form, Beta Likely this Weekend
The hyperactive Atlantic season continues unabated. Category-4 Teddy will track close to Bermuda as a major hurricane Sunday night. Tropical Storm Wilfred formed today in the deep tropics and is no risk to land while Subtropical Storm Alpha formed just off the coast of Portugal. Tropical Depression Twenty-Two is likely to become Beta over the weekend and needs to be mo ... Continue Reading »
Week’s Top Stories: September 12 – 18, 2020
Political Risk Map 2020 - Mid-Year Update for Asia-Pacific: As the region hit first by COVID-19, many countries in Asia-Pacific experienced a sharp rise in economic risk early in the year. Almost two-thirds (64 percent) of the countries rated by Guy Carpenter-affiliate Marsh JLT Specialty’s World Risk Review (WRR) experienced an increase in their country economic risk rating of ... Continue Reading »
Review of Pandemic Coverage on GC Capital Ideas
Here we review GC Capital Ideas’ recent stories on the global COVID-19 pandemic. ... Continue Reading »
Health on Demand: A Report on Digital Health Solutions in the U.S. Workplace
As the costs stemming from COVID-19 continue to climb, reinsurers are collaborating with healthcare executives on how to mitigate the impacts of the virus on the sector. Virtual healthcare options are becoming increasingly commonplace, and the growing use of telemedicine and capacity constraints within our healthcare system will potentially dull utilization increases. The ... Continue Reading »
Silent Cyber – No Longer Silent?
Silent (or non-affirmative) cyber refers to cyber-related exposure within many all-risk general insurance products. ... Continue Reading »
Hurricane Sally Makes Category-2 Landfall Near Gulf Shores, Alabama
Hurricane Sally made landfall at 4:45 am local time near Gulf Shores, Alabama as a Category-2 Hurricane. Sally is the fourth hurricane to make landfall in the continental U.S. this year and is the first hurricane to make landfall in Alabama since Hurricane Ivan in 2004. Sally is forecast to move inland slowly today while weakening, before regaining forward speed along a ... Continue Reading »
How Businesses Can Overcome Barriers to Achieving Climate Goals
As climate change and the associated increase in natural catastrophe events alters the contemporary risk landscape, there is now an opportunity for companies to partner with the (re)insurance market and put its expertise to work. According to a recent survey of hundreds of business executives and thought leaders, many are taking the right steps to reach their goals. However ... Continue Reading »
September 2020 Dedicated Reinsurance Capital Update
Guy Carpenter and A.M. Best have re-issued our joint dedicated reinsurance capital estimate for September 2020 of USD 471 billion, down 2.4 percent since year-end 2019. The recent update and change is the result of additional analysis and mid-year reporting from our initial June forecast. ... Continue Reading »
Hurricane Sally on Final Approach to Central Gulf Coast
Hurricane Sally is now drifting in the northern Gulf of Mexico as a category-1 hurricane, and expected to begin a slow turn to the northeast over the coming hours. The hurricane is forecast to make landfall very early Wednesday morning. The slow forward motion of the system will bring prolonged periods of heavy rainfall to amplify the threat for inland flooding. Wind impacts ... Continue Reading »
