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Hurricane Ian: Bearishness builds

Pembroke Pines, FL, USA. 28th Sep, 2022. A general view of the aftermath as Small aircraft are seen flipped up side down after a reported tornado touches down at North Perry Airport as Hurricane Ian approaches on September 28, 2022 in Pembroke Pines Flori
Photo: Alamy

The industry’s collective sense of relief early yesterday as it became clear that Ian’s track was well south of Tampa Bay is increasingly looking overdone, as the late pick-up in wind speeds to almost Category 5 levels threatens to escalate losses.