Twelve Capital Event Update 2: Hurricane Florence

13 September 2018

Hurricane Florence’s forecast strength at landfall has now weakened to a category 2 hurricane from a previous category 4. From the perspective of expected industry losses, these lower wind speeds would mean that losses from direct wind impact would be less than previously estimated. While this seems to be a positive development from a news headline perspective, it underlines the forecasting uncertainty associated with tropical cyclone systems.

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Thursday, 13 September 2018