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Hurricane Season 2017: Harvey, Irma and Maria

  • The 2017 hurricane season saw three major hurricanes hit the US
  • Hurricanes Harvey, Irma and Maria caused insured damage of $80bn to $100bn
  • The storms will have a major impact on industry trends in 2018
 

 

ID Comment: This year's hurricanes are changing the psychology of the market – not just rates

The perception of risk is changing and in the long term may be the most significant after-effect of the 2017 Atlantic hurricane season
North America United States Property

Latest articles on hurricanes

CSU forecasters expect only three more Atlantic hurricanes
Everest Re CEO says lessons must be learned as hurricane losses wrong-foot reinsurer
NFIP policy issuance jumps in wake of hurricanes
Models 'inaccurate' for super-cat hurricanes
Chris strengthens as it sits well offshore of Carolinas
Atlantic storm activity ramps up despite cool temperatures
Colorado State researchers downgrade hurricane forecast
Fabio becomes hurricane and continues to strengthen
Focus: Learning the lessons from last year's natural catastrophes
Focus: The insurance industry has failed to deliver on its promise
Prospects for busy hurricane season diminishing as El Niño expectations build
Cooling of Atlantic waters point to less active hurricane season
AOB could lead to 'dramatic hikes in Florida rates'
Irma losses rise to $9.7bn: Florida regulator
ID Comment: CCRIF growth is positive step in building Caribbean resilience
CCRIF members boost coverage following record 2017 Caribbean hurricane losses
Citizens sees 50% rise in litigation since Hurricane Irma
ID Comment: Can weather index insurance deliver on its promise?
Companies House: Bermudian Q1 reserve releases plunge on Everest Re strengthening
Caribbean insurers well capitalised despite hurricanes: AM Best
Bermudians press ahead with Plan B as alternative capital sticks
Metropolitan areas 'account for 67% of US storm surge risk'
Forecasters reduce 2018 hurricane expectations
Warning hurricane clustering risk 'may be underestimated'
Alberto brings Memorial Day business interruption to Florida coast
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Hurricane Harvey: an unprecedented flood

  • Harvey made landfall in Texas in August 2017 as a category 4 hurricane
  • Record-breaking rainfall meant Harvey caused unprecented flooding
  • Insured loss estimates are estimated at $30bn but could still rise

 

Hurricane Irma: Florida's record-breaking storm

  • Hurricane Irma hit Florida in September 2017 and will potentially become the state's costliest storm
  • Claims have been reported across the state as a result of Irma, which is expected to cost insurers $30bn or more
  • Losses would likely have topped $100bn had Irma followed a track along Florida's Atlantic coast

 

Hurricane Maria: Devastation in Puerto Rico

  • Hurricane Maria hit Puerto Rico as a category 4 hurricane causing major devastation
  • A wide range of insured loss estimates are now converging around a $30bn damage bill 
  • Much of Puerto Rico remains without power months after the storm hit

 

Latest From Hurricane Season

CSU forecasters expect only three more Atlantic hurricanes

CSU team said there is a 35% chance of a major hurricane making US landfall
North America Hurricane Season

Everest Re CEO says lessons must be learned as hurricane losses wrong-foot reinsurer

Dominic Addesso says company must address impact of multiple events in cat programmes after $400m HIM reserve charge

North America Everest Re

NFIP policy issuance jumps in wake of hurricanes

Policy take-up increases 17.5% in Texas, 1.4% in Florida and 20% in Puerto Rico
North America Property

Models 'inaccurate' for super-cat hurricanes

Analysis by JLT Re finds vendor models struggle where events bring unforeseen consequences 
North America Property

'ILS market will broaden in 2018'

The market is expanding in size and broadening in variety
International Hurricane Season

Chris strengthens as it sits well offshore of Carolinas

Remnants of Hurricane Beryl continue to strafe central Caribbean

North America Property
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