NEWS & EXPERT ARTICLES
California Wildfires
During November, two major wildfires struck northern and southern California causing significant property damage and a number of fatalities during a period of over two weeks. Following recent relief from rain, both fires are now 100% contained. RMS, the catastrophe...
CAT Bond Market Update October 2018
During the month, a second major Atlantic hurricane (‘Michael’) made landfall as a strong category 4 in the Florida panhandle. Damage was mainly from wind and storm surge. Fortunately, the low population density near the hurricane’s central path reduced the economic...
California Wildfires Update
Since 8 November, two major wildfires in northern and southern California have caused significant property damage and 80 fatalities. About 46,000 people remain evacuated, and nearly 1,300 people are still missing. RMS, the catastrophe modelling company, has estimated...
California Wildfires Update
Multiple wildfires have broken out in northern and southern California. Significant property damage has occured and tens of fatalities are confirmed. The Camp wildfire has already become the most damaging wildfire in California`s recorded history, in terms of...
California Wildfires
The ‘Camp’ wildfire in northern California has devastated the town of Paradise with a population of 27,000. At the time of writing, an area of at least 450km2 has been burned, 6,713 buildings destroyed and, to date, there are 29 confirmed fatalities. This wildfire is...
Update of Nat-Cat Events
Hurricane Michael has resulted in almost USD 2bn of claims to date based on data filed by insurers and collected by local regulator the Florida Office of Insurance Regulation (FLOIR). Total insured loss estimates for Michael are still expected to be from USD 7bn to...
CAT Bond Update October 30 2018
Hurricane Willa Hurricane Willa made landfall on Mexico’s Pacific coast on Wednesday 24 October as a category 3 hurricane, and weakened to a tropical storm as it tracked inland. The central pressure, as reported by the US National Hurricane Center, measured...
CAT Bond Update October 23 2018
Hurricane Willa The Pacific hurricane season continues to be very active, with the potential of becoming the most active season on record. Hurricane Willa, currently a category 4 major hurricane, is forecast to make landfall in Sinaloa state, Mexico at 02:00 (local...
CAT Bond Update October 16 2018
Hurricane Michael Major Hurricane Michael made landfall in the Florida panhandle, near the borders of Gulf and Bay counties, as a category 4 hurricane on Wednesday, 10 October. The storm almost reached category 5, which makes it the strongest storm to hit the US...
Saffir-Simpson Hurricane Wind Scale
Saffir-Simpson Hurricane Wind Scale The Saffir-Simpson Hurricane Wind Scale is a 1 to 5 rating based on a hurricane's sustained wind speed. This scale estimates potential property damage. Hurricanes reaching Category 3 and higher are considered major hurricanes...