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Calgary storm could rank among Canada’s costliest cat events, according to Aon.
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High Atlantic sea surface temperature is one driver of the forecast. -
The estimate for the third named storm of the season covers privately insured wind and storm surge damage.
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US convective storm losses have already topped $13bn for the year.
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Surge warnings are in place, with the tropical storm forecast to move across Arkansas and Missouri.
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Cristobal could impact the Gulf Coast as a tropical storm late on Sunday.
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The university scientists now expect nine hurricanes, up from eight in their earlier forecast.
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The second named storm of the year is to make landfall at around midday local time.
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The US government agency said it expects between three and six major hurricanes in the Atlantic Basin this season.
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Colorado State University released updated predictions that this year’s season would be stronger than average.
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NOAA said there is a 75 percent chance of near- or below-normal tropical cyclone activity this year.
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The platform said a narrowing spread between buy and sell offers on ILWs suggests more trades will clear.
