-
Florida domestic insurers have around $2.5bn of on-risk cat bonds, with flood and other ILW based deals exposed to the storm. -
The storm made landfall Wednesday with maximum sustained wind speeds of 150 mph at 3:05 PM ET.
-
The insurer-of-last-resort does not expect the hurricane to attach its reinsurance at this stage.
-
NHC discontinued warnings of hurricane and storm surge for the Dry Tortugas.
-
The storm’s likely quantum is still highly contested, but all scenarios are challenging for Florida homeowners and cat treaty writers.
-
Hurricane Ian is currently moving north-northeast at 9 mph, 1 mph below the speed registered in NHC’s update earlier today at 08:00 ET.
-
The state’s property carriers are closely watching the progress of Hurricane Ian.
-
The storm has sped up considerably over the past six hours.
-
Data from an Air Force Reserve Hurricane Hunter aircraft indicate the maximum sustained winds have increased to nearly 140 mph, the National Hurricane Center said.
-
The Category 3 hurricane is now expected to make landfall later today between Port Charlotte and Cape Coral/Fort Myers.
-
Storm surge may be felt in Tampa even if Ian does not land in the city.
-
Research by sister title Inside P&C shows the top three homeowners carrier exposures by county for forecast highest impact areas.
