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The storm has slowly started to move northwest away from Grand Bahama where it has been stationary for more than a day.
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The Insurance Insider provides a snapshot of the state of play as the storm crawls through the Bahamas. -
The hurricane had been stationary over Grand Bahama but is now slowly beginning to move.
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The flash flood threat along the Florida peninsula will increase today, the National Hurricane Center said.
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The storm is currently stationary over Grand Bahama and but could turn northwest later this evening up Florida’s east coast.
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The French state-owned reinsurer reports a fall in claims.
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Another historical proxy is Hurricane Matthew, which caused just $2.3bn insured losses.
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All through last week the news became progressively worse.
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NHC warns of risk of storm surges and hurricane-strength winds in Florida, Georgia and the Carolinas.
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The slow pace of the hurricane means heavy flooding could trigger the US National Flood Insurance Program.
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The Icat damage estimator figures factor in 11 Category 4 storms to have hit Florida since 1919.
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Whoever thought it was a good idea to taunt the weather gods in this way?
