-
The National Hurricane Center has issued hurricane, tropical storm and storm surge warnings for a variety of locations.
-
The market needs to improve on contract certainty to manage pricing cycles better, Rettino told Trading Risk New York 2022.
-
Speaking on a panel at Trading Risk New York, Montero said that the previous guidance was assuming a track closer to Tampa.
-
The storm, currently 285 miles south of Charleston, is expected to make landfall as a hurricane on Friday.
-
RMS released event sets with a $12bn-$80bn range, while AIR put out an event set spanning $20bn-$64bn.
-
Georgia, Virginia and the Carolinas have declared a state of emergency as the storm moves north.
-
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.