On cusp of storm season, NOAA funding cuts put hurricane forecasting at risk – Go Health Pro

On cusp of storm season, NOAA funding cuts put hurricane forecasting at risk – Go Health Pro

Eyes in the sky Weather satellites that monitor tropical storms from space provide continuous views of each storm’s track and intensity changes. The equipment on these satellites and software used to analyze it make increasingly accurate hurricane forecasts possible. Much of that equipment is developed by federally funded researchers. For example, the Cooperative Institutes in … Read more

Triple-I Blog | Severe Convective Storm Risks Reshape U.S. Property Insurance Market – Go Health Pro

Triple-I Blog | Severe Convective Storm Risks Reshape U.S. Property Insurance Market – Go Health Pro

Severe convective storms (SCS) are emerging as a major driver of U.S. property insurance costs, with large hail events alone damaging nearly 600,000 homes in 2024, according to an analysis by CoreLogic. SCS weather events, which include damaging hail, tornadoes, straight-line winds and derechos, are becoming a significant driver of insured natural disaster losses across … Read more

Elevated Risk of Mudslides at LA Wildfire Burn Scars From Coming Storm – Go Health Pro

Elevated Risk of Mudslides at LA Wildfire Burn Scars From Coming Storm – Go Health Pro

Meteorologists are warning of an elevated risk of dangerous debris flows and destructive mudslides in Southern California next week in areas scorched by destructive Los Angeles wildfires. AccuWeather meteorologists expect between 2 inches and 4 inches of rain near the Eaton and Palisades burn scar areas in L.A. Wednesday through Thursday The oncoming storm may … Read more

Aon, Swiss Re & Floodbase unveil parametric storm surge solution for US hurricane protection – Go Health Pro

Aon, Swiss Re & Floodbase unveil parametric storm surge solution for US hurricane protection – Go Health Pro

Re/insurance broking giant Aon has announced the launch of a new parametric insurance solution that is designed to address and mitigate losses from hurricane-related storm surge along the coast of the United States, developed in partnership with Floodbase, a specialist in parametric flood risk, and global commercial insurer, Swiss Re Corporate Solutions.A key aspect of … Read more

Tower Hill seeks second Florida named storm cat bond, $100m Winston Re 2025-1 – Go Health Pro

Tower Hill seeks second Florida named storm cat bond, 0m Winston Re 2025-1 – Go Health Pro

Tower Hill Insurance Exchange, a Florida homeowners and commercial property insurance underwriter, has returned to the catastrophe bond market for its second time, seeking $100 million or more in Florida named storm reinsurance from this Winston Re Ltd. (Series 2025-1) issuance.A year ago, Tower Hill Insurance Exchange secured $400 million of reinsurance from its debut … Read more