News Non-Life10 Sep 2019

Nat CAT:Insured losses from Dorian estimated at US$1.5-3bn

10 Sep 2019

Catastrophe risk modelling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Dorian's impact to the Caribbean will range from $1.5bn to $3bn.

According to AIR, Hurricane Dorian made landfall on St Thomas on 28 August as a Category 1 hurricane. Dorian then tracked through and out of the Virgin Islands. Favourable conditions in the Caribbean Sea and Lesser Antilles fuelled Dorian’s development, resulting in rapid intensification into a major Category 4 hurricane on 31 August. Further intensification occurred, and Dorian reached Category 5 intensity on 1 September, becoming the strongest hurricane to affect the northwestern Bahamas in modern records.

The storm was a Category 2 hurricane off the eastern coast of Florida on 3 and 4 September as it continued northward.

Due to Dorian’s track, much of the Caribbean experienced little or no damage outside of the Bahamas.


 

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