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Landfall is now expected further south than before, near the wealthy area of West Palm Beach
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The five Florida landfalls of hurricanes similar to Hurricane Dorian include Hurricane Jeanne in 2004, the modelling agency said.
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Historical parallels including Jeanne have caused a huge range of economic losses.
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A “hiccup” in the storm’s structure means it is now tracking more slowly towards Florida, according to the NHC.
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The InsurTech firm began as an MGA but has raised capital to set up a Demotech rated entity.
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The reinsurer helped Fermat to write $100mn for the Florida state reinsurer’s 2019 cover.
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The Fort Lauderdale-based insurer has struck an agreement with Capital Returns Management which will require it to add two new members to its board and schedule an annual shareholder meeting.
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Tropical Storm Risk predicts 13 instead of 12 named storms due to a change in trade wind speeds.
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The insurer’s Q2 earnings of $0.81 per share slightly missed analyst expectations.
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Six carriers rated as A Prime for financial stability, with the remainder rated Exceptional.
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Heritage’s CEO Bruce Lucas said he has seen worsening claims abuse in the state despite the legislative reform.
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The follow-up investments take its overall ILS allocation to up to $950mn, as it put in place mandates to respond to higher rates.