Weather

A west-northwestward motion with an increase in forward speed is expected during the next couple of days, the NHC said.

Jebi is the strongest typhoon to strike the Japanese mainland in 25 years.

A National Hurricane Center forecast put the hurricane in the vicinity of Bermuda by Tuesday.

The storm made landfall just west of the Alabama-Mississippi border late on Tuesday night, the National Hurricane Centre said.

Hurricane Lane is set to be more of a flood event than a wind event for insurers, the ratings agency said.

The Swedish insurers’ association Svensk Forsakring has estimated the fires that swept through Swedish forests from May to July will lead to insured losses of SEK800mn ($87mn).

Insured losses from natural catastrophes fell 28 percent year on year in H1 2018 to $18bn, according to Swiss Re’s Sigma report.

The latest version includes data from the 2017 Tubbs, Atlas and Thomas fires in California.

A new research paper suggests there could be more cause for gloom if cover becomes more unaffordable.

Insurance affordability and reputational risks are among the climate change-related issues facing the industry.

The Floridian insurer’s Q2 net income was pushed down by 64 percent to $2.41mn as high losses countered a 23 percent increase in earned premium.

The Colorado State University scientists now predict just one major hurricane will strike this season.