Key Headlines Escalating Threat: Hurricane Ida is now expected by the National Hurricane Center (NHC) to make landfall over southeast Louisiana as a category-4 hurricane, with maximum sustained winds prior to landfall of 140 mph. Forecast storm surge is now in the range of 10-15 feet. Significant Strengthening Expected: After landfall over Cuba, Ida has since ... Continue Reading »
Tropical Storm Ida Forms in the Caribbean, Hurricane Impacts Likely Along US Gulf Coast
Key Headlines 9th Named Storm: Ida's formation yesterday, August 26, marks the ninth named storm of the 2021 Atlantic Hurricane Season. Ida formed nearly a month ahead of the average date of formation for "I" storms, September 26, based on the 1953-2020 average. Significant Strengthening Expected: As Ida crosses Cuba and enters into the Gulf of Mexico this ... Continue Reading »
Week’s Top Stories: August 21-27, 2021
Tropical Storm Henri Northeast Landfall; Hurricane Grace Final Mexico Landfall as Major Hurricane: Henri made landfall in Rhode Island on Saturday, August 22, while Grace made its final landfall on the same date near Tecolutla, Mexico, after a period of rapid escalation. Read the story >> With the Right Tools, Sureties Can Navigate Tough Economic Cycles: Guy ... Continue Reading »
Built to Last: Infrastructure and Trust in a Changing World
Marsh McLennan Advantage’s latest report, Built to Last: Infrastructure and Trust in a Changing World, examines the role of trust in the infrastructure ecosystem and elaborates on how private infrastructure owners and operators can build and maintain trust with stakeholders. The post-pandemic global economic recovery, the intensifying effects of climate change, and the ... Continue Reading »
The Future of InsurTech in DACH
What are the trends and developments in the InsurTech industry? Oliver Wyman’s report, The Future of InsurTech in DACH (DACH region), produced in partnership with Policen Direkt as part of their InsurTech Radar series, examines those changes and highlights the developments. Their analysis currently counts 149 active InsurTech start-ups in Germany, 16 in Austria, and 44 in ... Continue Reading »
With the Right Tools, Sureties Can Navigate Tough Economic Cycles
Guy Carpenter has released a new briefing: With the Right Tools, Sureties Can Navigate Tough Economic Cycles. Surety underwriting can be especially challenging during recessions and recovery periods. Data from the recent recession and others in the past offers insights into how surety writers can continue to achieve profitable growth into the future. Guy Carpenter’s ... Continue Reading »
Tropical Storm Henri Northeast Landfall; Hurricane Grace Final Mexico Landfall as Major Hurricane
Key Headlines Landfall Recap: Henri made landfall as a tropical storm early Sunday afternoon, August 22. Landfall occurred along the western Rhode Island coastline, near Westerly, with maximum sustained winds of 60 mph and higher gusts. Slow Moving: The center of Henri is currently located over New York's Hudson Valley and is nearly stationary in movement. Henri ... Continue Reading »
Video: Guy Carpenter’s Will Garland Discusses Mid-Year Renewals
In this episode of The Insurer TV’s Prospective, Will Garland, Guy Carpenter’s President, Centers of Excellence, North America, talks about the impact on mid-year renewals of climate change, social inflation, ongoing claims development, and softening and stabilization of the catastrophe claims environment. ... Continue Reading »
Tropical Storm Henri Landfall Today, Impacts Moving Onshore
Key Headlines The forecast is unchanged: Henri is a high end tropical storm with landfall expected midday Sunday on far eastern Long Island and then subsequently tracking close to the Connecticut / Rhode Island border. A full discussion of the forecast can be read in our Friday August 20 update, while today's update focuses on the major perils at risk with the ... Continue Reading »
Live Event: Hurricane and Storm Surge Watches Hoisted for Henri’s Approach to Southern New England, Grace to Make Second Landfall Tonight
Key Headlines Henri: The National Hurricane Center has issued hurricane and storm surge watches for portions of Long Island, Connecticut, Rhode Island and Massachusetts due to a further west shift and higher model confidence of this outcome. While the mean expectation is for a high end tropical storm at US landfall, there is an increasing possibility Henri retains ... Continue Reading »
