The Isiais forecast calls for intensification back to category-1 strength today, making landfall in southern North Carolina tonight. Isaias will accelerate northeast into the I-95 corridor through Wednesday, with excessive inland rainfall and coastal storm surge of several feet through New England. ... Continue Reading »
United States
Hurricane Isaias Hugs Florida & Southeast US Coast this Weekend
Isaias has likely reached peak intensity Saturday morning over the central Bahamas. Thereafter, Isaias will track very close to the Florida coastline through Sunday before moving inland in the Carolinas late Monday, likely as a tropical storm. Risk is lower today than yesterday for the US coastline. Bahamas: Most of the island country has seen tropical storm force winds ... Continue Reading »
Hurricane Isaias threatens much of Eastern US Seaboard
Strengthening to a category-1 hurricane overnight, Isaias will bring strong winds and storm surge to much of the Bahamas today. Thereafter, risk has decreased for much of the Florida peninsula, while risk is increasing for hurricane impacts from the Carolinas through the Mid-Atlantic over the next five days. Key regional impacts from Isaias: Bamahas: category 1-2 ... Continue Reading »
Webinar: Insurance and Risk Management Strategies for COVID-19 and Beyond
Global commercial insurance and reinsurance pricing was already on the increase prior to the COVID-19 crisis, although strong capitalization in the reinsurance market saw more moderated increases compared to those in the primary market. Ultimately, the fundamentals of (re)insurance remain strong. There will nevertheless be winners and losers as the market adjusts to the ... Continue Reading »
Webinar: Epidemiology Modeling and Consumer Confidence – COVID-19 and the Impact on the U.S. Financial System
In times of economic distress, (re)insurance is typically considered by investors to be a defensive sector. This is not to say the sector will be unaffected by the COVID-19 crisis. Access to capital has reduced while carriers’ assets have clearly been hit by lower interest rates, wider credit spreads and an equity crash. A fall back into recession will also hinder growth o ... Continue Reading »
CAT-i Bulletin: Hurricane Hanna
Hurricane Hanna, the eighth named storm and first hurricane of the 2020 Atlantic season, made landfall in South Texas at 6PM EDT, July 25, 2020 as a category-1 hurricane. This is the highest number of named storms in the Atlantic this early in the season, according to the known historical record, and is one storm ahead of the hyperactive 2005 season. ... Continue Reading »
Webinar: What COVID-19 Has Made Plain About U.S. Healthcare
The economic impact of job losses relating to COVID19 will create a dramatic shift in how individuals access health insurance. Approximately one in two Americans is currently covered under an employer-sponsored health plan, signaling that significant job losses have already resulted in millions of Americans losing their health insurance. ... Continue Reading »
Weather Sentinel: Douglas Escalating Threat, Ongoing Hanna Impacts
Hurricane Douglas poses an escalating threat for hurricane impacts to Hawaii over the coming 24 hours. Impacts of a category-1 hurricane are expected over the entire Hawaiian Islands together with heavy rainfall. In the meantime Tropical Storm Fay continues to weaken as it moves into northeastern Mexico. The threat of heavy rainfall and tropical storm conditions is ongoing over ... Continue Reading »
Weather Sentinel: Hurricane Hanna Landfall
Hurricane Hanna made landfall at 6PM EDT (22 UTC) today on the southern coast of Texas over Padre Island, 15 miles north of Port Mansfield. Maximum sustained winds at landfall were 90 mph, a category-1 on the Saffir-Simpson Scale, according to National Hurricane Center (NHC) advisories. Since yesterday evening, Hanna underwent rapid intensification over very warm waters, ... Continue Reading »
Weather Sentinel: Escalating Tropical Activity – Hanna, Douglas
Tropical activity has escalated in recent days, with the recent development of Hurricane Hanna in the Northwestern Gulf, and Hurricane Douglas in the Central Pacific. Hurricane Hanna should make landfall on the south Texas coast later this afternoon, according to the National Hurricane Center (NHC). Landfall intensity of Hanna should be as a category-1 hurricane on the ... Continue Reading »
