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The NHC has warned that the hurricane will move “dangerously close” to the coasts of Florida, Georgia and South Carolina in the coming days. -
The cat bond pricing index only dropped by 0.78 percent last Friday when Hurricane Dorian was forecast to be a Florida hit.
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The hurricane battered the Bahamas on Sunday but is now not predicted to make landfall in the US.
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Hurricane Dorian has reached Category 5 status as it batters the Bahamas.
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Landfall is now expected further south than before, near the wealthy area of West Palm Beach
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The five Florida landfalls of hurricanes similar to Hurricane Dorian include Hurricane Jeanne in 2004, the modelling agency said.
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The historical median is considerably higher than for past Cat 3 Florida storms, with Irma a recent example.
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The Bahamas are likely to be struck by the storm this weekend.
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There is a 10 percent chance of the storm coming within 50 miles of Miami, according to the modelling agency.
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The storm looks set to clip southern Georgia after making landfall in Florida on Monday.
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A “hiccup” in the storm’s structure means it is now tracking more slowly towards Florida, according to the NHC.
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The hurricane is forecast to approach Florida as a major storm on Sunday evening.
