Hurricane
-
Isaias is currently a Cat 1 hurricane and is nearing Andros, the largest island in the Bahamas. -
The storm’s track has pulled further offshore, but uncertainty remains.
-
Florida could face heavy rain and flooding as a result of Isaias, the National Hurricane Center (NHC) has warned.
-
NFIP claims are expected to make up about $100mn of the claims tally.
-
Universal ceded $11mn of prior-year losses to reinsurers.
-
The (re)insurer also said most of LCM’s investors have appetite to go forward and remain active in the ILS market.
-
The estimate includes privately insured wind and storm surge damage to homes, commercial properties and cars, but not NFIP losses.
-
The storm remained offshore but lashed Kauai with rain.
-
Rainfall in some areas could lead to flooding and landslides.
-
Notices of legal action jumped 65% year on year to an all-time high in H1 2020.
-
Early Q2 forecasts show Covid-19 losses well short of initial hit to carriers from 2017 hurricanes.
-
After rapid intensification ahead of landfall, Hanna hit southern Texas as a Category 1 hurricane.
