Major losses
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The event will be a combination of all three perils – wind, storm surge and precipitation-induced flooding – says meteorologist Jeff Waters. -
The software company also reported that the Gasparilla Marina in Boca Grande has suffered significant damage.
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Speaking on a panel at Trading Risk New York, Montero said that the previous guidance was assuming a track closer to Tampa.
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RMS released event sets with a $12bn-$80bn range, while AIR put out an event set spanning $20bn-$64bn.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Georgia, Virginia and the Carolinas have declared a state of emergency as the storm moves north.
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Of the 73 units, 68 are cargo ships and five are tanker vessels, according to Skytek’s analytics platform React.
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The storm made landfall Wednesday with maximum sustained wind speeds of 150 mph at 15:05 ET.
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NHC discontinued warnings of hurricane and storm surge for the Dry Tortugas.
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The storm’s likely quantum is still highly contested, but all scenarios are challenging for Florida homeowners and cat treaty writers.
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Hurricane Ian is currently moving north-northeast at 9 mph, 1 mph below the speed registered in NHC’s update earlier today at 08:00 ET.
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The storm has sped up considerably over the past six hours.
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