Weather
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The reinsurer’s analysis of 20 research groups’ predictions points to a busier season than usual. -
As new modelling tools emerge, we look at the benchmarks that ILS managers believe are appropriate for long-term stress tests and the shorter-term challenges.
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Funding from the UK and Germany will support early action and the managing of disaster risks in less wealthy countries.
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Named storm predictions held stable from the agency’s April update at 17, up from an average of 14.
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The agency projects four major hurricanes and anticipates overall activity around a third higher than long-term norms.
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Andrew Siffert said the weakness of the Fujita method for rating hurricane speeds was that it was partly based on damage caused.
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This week the administration pledged extra money for a programme supporting catastrophe-resilient infrastructure.
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The official US forecaster said it did not expect activity to reach last year’s historic peaks.
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The monthly tally came in 14% lower than the $632mn reported a year ago.
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Severe and winter weather losses in the US hit $21.4bn during January-April, equity research analysts estimate.
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The region braces for a potential Category 1 landfall.
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The company also procured approximately $180mn of incremental limit for earthquakes.
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