The U.S. property catastrophe Rate-on-Line (ROL) index for January through July renewals was up 3.3 percent year-on-year. The full year index represents a slightly larger increase than the January 1 increase. ... Continue Reading »
United States
Weather Sentinel: Southern California Fires and Ongoing Extreme Fire Weather Conditions
Several fires ignited in southern California yesterday during dry and windy conditions. Media reports indicate structures have been destroyed by multiple fires and evacuations remain in place. Extreme fire weather conditions will continue today in southern California meaning already burning fires may exhibit extreme fire behavior leading to difficulty in suppression and ... Continue Reading »
Weather Sentinel: Southern California Extreme Fire Weather Conditions
Extremely critical fire weather conditions are forecast for southern California today with critical fire conditions forecast to persist through at least Friday. Sustained offshore winds of 20-40 miles per hour are expected in portions of Los Angeles, Ventura and San Bernadino counties with gusts up to 60 miles per hour. Relative humidites are forecast to drop to 5 -15 percent ... Continue Reading »
Weather Sentinel: Significant Wildfire Potential Outlook; October 2019
Wildfire season reached its typical national peak in August, characterized this year by below normal activity in most areas. The low activity was primarily due to monsoon associated precipitation, which brought adequate although not abundant moisture to fire prone areas. The month of September has seen the majority of North America exit wildfire season, which is traditional as ... Continue Reading »
CAT-i Bulletin: Hurricane Lorena
In the East Pacific Basin, Hurricane Lorena affected the Pacific Coast of Mexico south of Puerto Vallarta before approaching the Baja California Peninsula as a category-1 hurricane over the weekend. Initial media reports indicate some flooded homes and roadways along with some property damage due to wind for affected areas. After the storm moved inland and dissipated, it ... Continue Reading »
Weather Sentinel: Ongoing Tropical Activity – Update
Tropical activity continues for the North Atlantic and East Pacific Basins. A few features continue to pose an active threat for property. Tropical Storm Lorena is on a track very close to the Pacific Coast of Mexico, after bringing hurricane conditions and heavy rainfall. Meanwhile the remnants of Imelda continue to draw significant moisture onshore over the northwestern Gulf ... Continue Reading »
Weather Sentinel: Escalating Tropical Activity – Bermuda, Mexico, Texas, Caribbean
Several tropical storms or hurricanes have developed in recent days to pose a potential threat to property, affecting locations in Bermuda, Mexico and the northwestern Gulf. Hurricane Humberto is expected by the National Hurricane Center (NHC) to make close approach to Bermuda, with the threat of tropical storm and potentially hurricane conditions. In the meantime Tropical ... Continue Reading »
CAT-i Bulletin: Hurricane Dorian
Hurricane Dorian was a long-lived and historic storm that rendered impacts from the Caribbean to Atlantic Canada between August 24 and September 7. It is evident from media reports that the most severe impacts occurred in the northwestern Bahamas where complete destruction of property and infrastructure was reported in Grand Bahama and Abaco Islands. The full scope and severity ... Continue Reading »
Looking Beyond the Clouds: A Cyber Insurance Industry Catastrophe Loss Study – GC@MC Commentary
Because it is essential to develop a deep understanding of the characteristics of cyber catastrophe events and the financial impact they could have on the standalone cyber insurance market as it exists today, CyberCube Analytics (1) and Guy Carpenter have collaborated to help (re)insurers quantify cyber risk by pooling data resources and analytics capabilities to cultivate a ... Continue Reading »
Weather Sentinel: Hurricane Dorian Passing Outer Banks – Weekend Atlantic Canada Threat
Hurricane Dorian continued to move along the coast of the Carolinas over the last 24 hours, bringing heavy rainfall, storm surge and tropical storm to hurricane conditions for eastern portions of the Carolinas. Considerable tornado activity was also reported, with substantial damage to certain areas evident from initial media reports. Landfall occurred this morning as a ... Continue Reading »
