US Southeast/Gulf
-
Many commercial risks will have London coverage, but insured values are relatively low. -
Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
-
The insurer of last resort currently has $2.15bn of cat bond protection on risk.
-
Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
-
The tropical cyclone is expected to be named Imelda.
-
Despite formation of Gabrielle, there is "a very high probability" of a below-average season.
-
Models anticipate a busier second half, particularly in the next few weeks.
-
Lawmakers are seeking input on risk evaluation, limits and other concerns.
-
Staff targeted include producers that channel business through Howden’s London wholesale arm.
-
State legislation has led to major strides in rate adequacy.
-
Category 4 and 5 storms could become more common and hit further north.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
This year is predicted to be an above-average season, like 2024.
-
Most of the losses are attributable to a supercell storm in Texas.
-
It previously predicted activity slightly below the 1995-2024 average.
-
The agency forecasts up to five major hurricanes and 19 named storms.
-
The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.
-
The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
-
The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
-
Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
-
The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.
-
A hurricane warning has been issued for the east coast of Florida.
-
Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
-
Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
