2017 atlantic hurricane season News

Natural Disasters Begin to Hit Profits of Global Reinsurers

A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global finance. …

Insurance Industry Tallies Irma’s Mounting Losses in Florida

With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by CoreLogic. Residential property flood loss is estimated …

Talanx Warns 2017 Profits Could Be Hit by Hannover Re’s Catastrophe Claims

German insurer Talanx warned it may miss its profit target for 2017 as its reinsurer, Hannover Re, is being hit by major claims from a series of hurricanes and an earthquake in Mexico. Reinsurers face big losses from Hurricanes Harvey …

Hurricane Maria Speeds Up, Threatening Already-Battered Caribbean Islands

For the third time this month, a hurricane is spinning toward the already battered Caribbean and gathering strength along the way. The National Hurricane Center upgraded tropical storm Maria to a hurricane Sunday as winds picked up to 90 miles …

Hurricane Irma Devastates Chain of Caribbean Islands, Now Setting Sights on Florida

Irma barreled toward Florida after battering Puerto Rico and devastating a chain of small Caribbean islands, as the Category 5 hurricane threatens to turn into the most expensive storm in U.S. history. Irma, one of three hurricanes churning toward North …

Franklin Briefly Becomes Atlantic Basin’s 1st Hurricane; Weakens to Tropical Storm

Tropical Storm Franklin made landfall as a Category 1 hurricane in eastern Mexico during Wednesday night with estimated maximum winds of 85 mph, according to a report issued by Weather Underground. Over the Bay of Campeche, the storm became the …

Tropical Storm Franklin May Become Atlantic Basin’s 1st Hurricane of 2017

Tropical Storm Franklin will exit Mexico’s Yucatan Peninsula later today and continue moving toward the southwest Gulf of Mexico or the Bay of Campeche coast on early Thursday, possibly becoming the Atlantic Basin’s first hurricane of the season, according to …

Tropical Storm Emily Weakens to Depression After Deluging Florida

Tropical Depression Emily is rumbling further out into the Atlantic, a day after slogging across the Florida peninsula. The U.S. National Hurricane Center says remnants of the brief-lived tropical storm had maximum sustained winds near 30 mph (45 kph) as …

Tropical Storm Emily Moves Across Florida With Drenching Rains

Tropical Storm Emily churned ashore near Tampa Bay on Monday, starting a trek across the peninsula amid drenching rains and fears of scattered street flooding that prompted the governor to declare nearly half of Florida’s counties in a state of …

Tropical Storm Cindy Drenches Southeast

Floodwaters from Tropical Storm Cindy covered timberland and fields across the rural Deep South on Saturday, but the sun peeked out enough to offer hope that the worst was over. Swollen by heavy rains and flowing quickly, the Chickasawhay River …