Changes in the path and intensity of Hurricane Florence are keeping forecasters, government officials and insurers on their toes. An update by AIR Worldwide yesterday indicated that storm surge heights of 9-13 feet could be expected. “Florence’s slow motion just …
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they’re in store for painful losses. If the storm’s path of destruction – which is aimed at North and South Carolina – causes enough damage in …
Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators. That routine began a week …
Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more than 1 million people in and …
The last time the midsection of the East Coast stared down a hurricane like this, Dwight Eisenhower was in the White House and Marilyn Monroe and Joe DiMaggio were newlyweds. Hurricane Florence could inflict the hardest hurricane punch the Carolinas …
Florence was slightly weakened but unbowed as it continued to barrel toward the U.S. East Coast on Tuesday, with forecasters saying they expect the storm to soon re-strengthen near Category 5 levels. The hurricane, now packing 130 mile-per-hour winds, remains …
Top winds for Hurricane Florence grew to 105 miles (169 kilometers) per hour as it pushed westward toward the U.S. East Coast, a major threat to homes, agriculture and the waning tourist season. The storm’s winds grew by 35 miles-per-hour …