Eight hurricane-free years in Florida and a seller’s market in catastrophe bonds have fortified the state against the cost of major storm damage as the 2014 Atlantic hurricane season starts June 1. “Florida is in its best position in a …
The Pacific Ocean holds one of the keys that forecasters say will determine how many hurricanes and tropical storms develop in the Atlantic this year. The size of the six-month storm season, which starts tomorrow, may depend on a pool …
The 2014 Atlantic hurricane season begins Sunday, and officials in South Carolina are enlisting the help of the public in gauging storm damage. The Department of Health and Environmental Control has developed programs allowing people to provide photos and other …
Rising heat in the equatorial Pacific Ocean portends the quietest Atlantic hurricane season in five years, Colorado State University researchers said. Nine named storms, with winds of at least 39 miles (63 kilometers) per hour, are expected to develop this …
The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, according to experts at Fitch Ratings. The ratings agency said industry earnings in 2013 will …
The 2013 Atlantic hurricane season looks set to go down as a big washout, marking the first time in 45 years that the strongest storm to form was just a minor Category 1 hurricane. There could still be a late …
Hurricane Humberto, the season’s first, churned in the Atlantic west of the Cape Verde Islands as Tropical Storm Gabrielle stalled after passing Bermuda. Humberto was declared a Category 1 storm in a 5 a.m. advisory from the U.S. National Hurricane …
The 2013 Atlantic hurricane season, which forecasters had predicted would be more active than normal, has turned out to be something of a dud so far as an unusual calm hangs over the tropics. As the season heads into the …
Tropical Storm Gabrielle isn’t expected to gain much strength as it churns in the Caribbean Sea on a path between Puerto Rico and the Dominican Republic, the U.S. National Hurricane Center said. Gabrielle was about 65 miles (105 kilometers) west- …
Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane season heads into its fourth month. Notes designed to protect insurers from payouts on damage linked to powerful …