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BMS News

BMS Tropical Update 9/12/2018 10 AM CDT

By: - September 12th, 2018

Why is Florence Stalling and moving South? The recent development of Florence stalling at landfall versus inland is a pretty big change in terms of the overall impact to the insurance industry and, frankly, I think the NHC best summed it up in their 5:00 p.m. forecast discussion Number 50 […]

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BMS Tropical Update 9/11/2018 12 PM CDT

By: - September 11th, 2018

T- 72 hours Although yesterday I mentioned that Florence is not just a point on a map and will have a wide-ranging impact far away from the center the storm, the center does still matter. With Florence about 72 hours away from its expected landfall around 7:00 a.m. AST on […]

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BMS Tropical Update 9/10/2018 12 PM CDT

By: - September 10th, 2018

Hate Being Wrong Meteorologists hate being wrong, but with the magnitude of potential disaster that is ahead for the insurance industry this week, I hope I am. I have been working in the insurance industry for the relatively short period of 16 years, but I have also spent a lot […]

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BMS Tropical Update 9/6/2018 4 PM CDT

By: - September 6th, 2018

Gordon Recap There are limited reports of damage near the location of Gordon’s landfall. Current damage reports in Louisiana, Mississippi, Alabama, and Florida indicate only minor coastal flooding, power outages affecting up to 29,000 people and damaged trees. The insured losses from Gordon should be relatively limited due to the […]

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BMS Tropical Update 9/4/2018 1 PM CDT

By: - September 4th, 2018

The Parade Begins On Friday, I mentioned that the peak of the hurricane season could live up to its climatological peak. Over the Labor Day weekend, Tropical Storm Gordon formed over the Florida Keys and is currently 130 miles SSE of Mobile, AL.  Potential tropical cyclone 6 that was off […]

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BMS Tropical Update: August 31

By: - August 31st, 2018

The Peak Is Here The threat posed by Hurricane Lane to much of Hawaii last week, in addition to the seemingly endless recent hurricane landfall anniversaries, are great reminders that there are insurable hurricane risks even though the Atlantic Basin has been quiet so far this year. However, there are […]

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Tropical Update: July 25

By: - July 25th, 2018

With the peak of the Atlantic basin hurricane season (September 10) just 46 days away, I thought I’d provide a bit more context around what to expect in terms of tropical activity as we head into this part of the season. In the last seasonal update I provided on May […]

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BMS Atlantic Hurricane Seasonal Forecast

By: - May 31st, 2018

The Official Start to Atlantic Hurricane Season? In theory, the Atlantic hurricane season started late last week with the naming of subtropical storm Alberto. However, interestingly, prior to 2002, subtropical storms were not given names, even though the National Hurricane Center would issue forecasts and warnings for them. Since 2002, […]

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BMS Tropical Update 5/24/2018

By: - May 24th, 2018

It’s that time of year We have reached the time of year when the insurance industry starts paying attention to potential tropical troubles. In fact, over the last two weeks many media outlets have been focusing on possible development in the Gulf of Mexico. There was a weak area of […]

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2017 losses, long-term weather trends and their insurance consequences

By: - May 2nd, 2018

Catastrophic weather events in 2017 left the re/insurance business with a conundrum. Record-breaking insured catastrophe losses exceeded any previous year. However, the impact of those unprecedented losses on re/insurance pricing has been less than many had hoped for or expected. Claims of nearly $140 billion have not delivered a traditional […]

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