hurricane dorian News

Hurricane Dorian’s Bahamas Storm Toll: $3.4 Billion in Damages, 3 Years of Rebuilding

The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most destructive hurricane ever to hit the islands. The government will probably borrow about $500 million in coming months as it …

Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re

Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the average of the past 30 years, according to Munich Re’s catastrophe update. The reinsurer said the protection gap (the difference …

More Storms. Less Damage. But 2019’s Slow Hurricanes Leave Sense of Foreboding.

The Atlantic Ocean has spawned lots of storms this season while doing much less damage than prior years. But warming waters promise trouble ahead. The 2019 Atlantic hurricane season, which ends Nov. 30, has been the eighth most-active in named …

Farewell 2019 Atlantic Hurricane Season: 18 Storms, 6 Hurricanes

The 2019 Atlantic hurricane season, which ends on November 30, was marked by tropical activity that churned busily from mid-August through October, according to the National Oceanic and Atmospheric Administration (NOAA). The season produced 18 named storms, including six hurricanes …

Bahamas Suffered $3.4B in Losses, 67 Deaths from Dorian; Hundreds Still Missing

Hurricane Dorian inflicted losses of about $3.4 billion on the Bahamas, an amount equal to one-quarter of the Caribbean archipelago’s GDP, according to a report released last week. The report by the Inter-American Development Bank also said there were 67 …

Another $180M Approved for North Carolina Disaster Aid, Prep

Another $180 million in state funds are going to help with disaster recovery following hurricanes Matthew, Florence and Dorian and to prepare for North Carolina’s next storm. The state House and Senate voted on Thursday for a negotiated package that …

RenaissanceRe Estimates Third Quarter Natural Catastrophe Losses of $155 Million

RenaissanceRe Holdings Ltd. announced it estimates losses from third quarter 2019 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2019 results. The estimated losses include Typhoon Faxai and Hurricane Dorian, which …

Everest Re Group Estimates Q3 Catastrophe Losses of $280 Million

Everest Re Group Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount of $280 million. This amount is net of reinsurance recoveries and reinstatement premiums, said Everest Re, noting that net of …

Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon

Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses in the billions, according to Aon’s monthly Global Catastrophe Recap report. Total economic and insured losses in the Bahamas alone …

AXIS Capital Estimates Q3 Catastrophe Losses of Up to $175 Million

AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the …