Zeta made landfall over the Yucatan Peninsula overnight as a category-1 hurricane. Initial media reports indicate downed trees and powerlines with power outages, and variable property damage. Zeta is expected by the National Hurricane Center (NHC) to regain strength as a category-1 hurricane as it moves into the Gulf of Mexico today. The hurricane should approach the northern ... Continue Reading »
United States
California Extreme Fire Weather Conditions, Colorado Fires, and Oct./Nov. Wildfire Outlook
The strongest Santa Ana Wind event thus far of 2020 is forecast for Monday and Tuesday in southern California with wind gusts forecasted to reach 70 miles per hours in terrain-favored areas of the coastal mountains. Low relative humidities and a developing drought makes conditions favorable for quick spread of fires following ignition and extreme fire behavior making ... Continue Reading »
Delta on Final Approach to Southwest Louisiana
Hurricane Delta is on final approach to the southwest Louisiana Coast as a category-3 hurricane. The outer bands of the storm have already moved ashore and conditions will deteriorate through the day. The National Hurricane Center forecast is for landfall later this evening as a probable category-2. Delta will then weaken as it moves inland toward the Tennessee Valley. Seawater ... Continue Reading »
Delta to Strengthen and Grow in the Gulf; Takes Aim at Louisiana Coast
Hurricane Delta has regained category-2 strength following landfall yesterday along the Yucatan Peninsula in Mexico. Despite losing a significant amount of strength since Tuesday, Delta is currently a well organized hurricane packing winds of 100 mph and is expected to gradually gain intensity over the next 24 hours due to favorable environmental conditions of warm water, high ... Continue Reading »
Standard & Poor’s Outlook on COVID-19: Overview
GC Capital Ideas recently featured a four-part article on Standard & Poor's (S&P) assessment of COVID-19's impact across the insurance and reinsurance markets. The series discusses the pandemic's effect on U.S. property & casualty (P&C) insurance, U.S. life insurance, global reinsurance and stress test modeling. Global Reinsurance Sector S&P recently ... Continue Reading »
Mid-Year 2020 Reinsurance Renewal: Overview
GC Capital Ideas recently featured three posts covering some of Guy Carpenter's observations on the mid-year 2020 reinsurance renewals. ... Continue Reading »
CAT-i Bulletin: Hurricane Sally
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 »
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 »
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 »
