Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million customers remained without power in Texas on …
Leaders across the Caribbean were still tallying the financial toll wrought by the earliest Atlantic storm on record to intensify to the maximum Category 5 level, after it left a trail of destruction on Jamaica and islands of the eastern …
Hurricane Beryl got the respected team of researchers at Colorado State University to rethink its forecast for the Atlantic hurricane season, which has already seen three named storms. CSU’s Department of Atmospheric Science now calls for an “extremely active” total …
Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing demand for protection — in both property and casualty, according to three renewal reports from reinsurance brokers. “Loss-free property programs generally saw easing …
Hurricane Beryl made its U.S. landfall at Matagorda, Texas early Monday as a Category 1 hurricane. The storm has reportedly knocked out power to 1 million homes and businesses, but the storm’s overall impact to the insurance industry is expected …
Investors in bonds intended to help Jamaica cover the costs of a natural catastrophe won’t be affected by the havoc wrought by Hurricane Beryl, even as the prime minister declares the entire Caribbean island a disaster area. As the earliest …
Tropical Storm Beryl is gaining strength as it lumbers toward the south Texas coast, and is expected to become a hurricane again before it makes landfall early Monday morning. The storm was about 165 miles (266 kilometers) southeast of Corpus …
Hurricane Beryl pummeled Mexico’s Yucatan Peninsula with tree-toppling gusts and flooding rains, weakening slightly as it came ashore after leaving a trail of destruction through the Caribbean this week. Beryl’s top winds dropped to 100 miles (160 kilometers) per hour …
Hurricane Beryl’s explosive growth into an unprecedented early whopper of a storm shows the literal hot water the Atlantic and Caribbean are in right now and the kind of season ahead, experts said. Beryl smashed multiple records even before its …
Hurricane Beryl churned toward Jamaica with violent winds, heavy rains and a life-threatening storm surge that could cause more than $1 billion in damage. Beryl’s winds roared at 145 miles (230 kilometers) per hour early Wednesday, making it a Category …
