Hurricanes News

UPDATE: Hurricane Blanca Weakens off Mexico Coast; Bound for Baja Resorts

Hurricane Blanca weakened slightly off Mexico’s Pacific coast on Thursday but could restrengthen as it continues moving toward tourist resorts at the southern tip of the Baja California peninsula, the U.S. National Hurricane Center said. Blanca, the second hurricane to …

Texas Pounded by Weather Extremes in May

Even though it means the commencement of hurricane season, weather-beleaguered Texans are likely pleased that May 2015 has come and gone. Texas was pelted during the month of May with all kinds of violent and deadly weather, including hail storms, …

El Nino May Develop by June; Australia Issues Alert on Tropical Pacific Ocean

An El Nino may develop by June, according to Australia’s state forecaster, which upgraded its outlook for the weather-altering pattern to Alert. Ocean temperatures in the tropical Pacific Ocean continue to be warmer-than-average, trade winds remain weaker-than- average and all …

2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter

Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33 billion, a dramatic drop when compared to the …

Sophisticated Resilience Model in Development in Colorado – And It’ll be Free

Efforts are underway in Colorado to build a sophisticated computer model that will offer a look down to the minute details at just how communities may withstand – or crumble under – perils like earthquakes, hurricanes, tornadoes, tsunamis and other …

A.M. Best Report: Last Resort Insurers Welcome Catastrophe Bond Market

The convergence market has provided an opportunity for entities that act as insurers of last resort to transfer some of their peak exposures to the capital markets, according to a Best’s Special Report titled, “Last Resort Insurers Welcome Relief From Growing Catastrophe …

Fitch: Hawaii Storms Shouldn’t Hurt Cat Bonds

Insured losses stemming from two Hawaii hurricanes won’t break the bank, in large part because both storms diminished in intensity or avoided a direct hit. Fitch Ratings concluded in a review of the situation that outstanding catastrophe bonds including the …

Louisianans Get Tax Holiday to Prep for Hurricane Season

This weekend, Louisiana residents looking to begin preparing for the 2014 hurricane season can store up emergency supplies with a little gift from the state. Flashlights, batteries, portable generators and other supplies are free from the 4 percent state sales …

U.K. Braces for Hurricane-Force Winds in Worst Storm Since 1990

Southern England is girding for 90 mile-per-hour winds as the biggest storm since 1990 is forecast to fell trees and damage buildings. Rain and high winds are predicted to lash the area on the evening of Oct. 27 through to …

Guide to Help Hawaii Boaters Prepare For Disasters

Hawaii boaters have a new guide to help them protect themselves and their vessels from natural disasters. The University of Hawaii and the state worked together to prepare the Hawaii Boater’s Hurricane and Tsunami Safety Manual. University of Hawaii Sea …