Climate simulations and analyses of Atlantic hurricane activity indicate that the record number of tropical cyclones that occurred in 2005 (28 storms) is close to the maximum number that might occur in this region, given existing climate conditions.
Climate simulations and analyses of Atlantic hurricane activity indicate that the record number of tropical cyclones that occurred in 2005 (28 storms) is close to the maximum number that might occur in this region, given existing climate conditions.
The world’s first Ocean Risk Summit held in Bermuda recently drew leaders from across political, economic, environmental and risk sectors to identify the potential exposures to ocean-related risk and tackle its broad-ranging consequences.
Scientists are telling us that the ocean is being transformed faster than anything our planet has experienced in 65 million years and, as such, the results could be transformational from multiple perspectives, including a broad new category of risk.
A new report titled Ocean Risk and the Insurance Industry, written by Falk Niehörster with the support of XL Catlin, was released on the opening day of the summit.
The report leaves no doubt about the urgent need for the insurance industry to equip itself for the severe and far-reaching impacts of ocean change — more intense storms, sea-level rise, loss of fish stocks, and ocean-borne viruses — and stresses that our industry has an opportunity to play a vital role by identifying risk-transfer solutions and mitigation strategies to avoid worst-case scenarios.
SOUTHAMPTON, Bermuda — Climate risks are directly connected to supply chain risks that should be identified and mitigated as extreme weather events continue to become more severe and intense and cause rising business interruption losses, experts say.
Dr. Mark Guishard shares take-home points from the33rd Conference on Hurricanes and Tropical Meteorology.
Local meteorologist Mark Guishard has been highlighted in South Carolina in advance of the 2016 hurricane season.
Forgive Bermudians for questioning the existence of a hurricane drought.
The Ministry of National Security is taking the opportunity to remind everyone that hurricane season is June 1 – November 30, and from May 30 – June 3, the public is encouraged to observe Hurricane Preparedness Week.
Bermuda risk report explores local hurricane preparedness. Read more at TheRoyalGazette.com
Claims of a ‘hurricane drought’ are based on an arbitrary focus on wind speed while ignoring storm pressure, power, and damage
BIOS is undertaking new research on hurricane risk on the Island, in addition to its traditional focus on global catastrophic risk.
The focus will be: “Where have all the US landfalling hurricanes gone?”
New research on coastal sediments, funded in part by BIOS’s Risk Prediction Initiative, shows that prehistoric hurricanes along the northern East Coast of the United States were likely more frequent and intense than those that have hit within recorded history.
AIR Worldwide recently joins The Risk Prediction Initiative 2.0 (RPI2.0).
Dr Mark Guishard, Program Manager of RPI2.0, is to join the panellists at a roundtable discussion about lessons learnt from last month’s storms.
An oceanographer is deploying an undersea glider to take measurements during the Category 3 storm, which is expected to hit Bermuda. Hopefully, the rare underwater perspective will yield insights that can be used to develop forecasting models.
An underwater glider will examine the impact of hurricanes on our ocean.
While most items are being tied down in Bermuda this week as Hurricane Gonzalo takes aim at the island, a yellow undersea glider named “Anna” will swim straight into the storm.
Scientists and insurance industry experts will come together to discuss the issue of flood risk at a seminar hosted by BIOS and BII.
A former BIOS scientist and current trustee aims to link the academic world and Island business to better predict disasters.
The Montpelier Re Foundation has awarded scholarships worth a combined $15,000 to two Bermudian students, including Meteorology student Michael Cavin Johnston, intern with the Risk Prediction Initiative at BIOS.
BIOS adds to research fleet capabilities with new glider
The Bermuda Insurance Institute (BII) and the Risk Prediction Initiative (RPI) at BIOS will be collaborating to provide a day and a half seminar focused on Catastrophe Risk.
Zurich was the site of a joint workshop on the issues surrounding the impacts of winter storms in Europe, held between the Risk Prediction Initiative at BIOS and RMS.
RPI2.0 this week announced the third round of its Seasonal US Hurricane Landfall Forecasting competition, citing the potential predictive skill of ‘crowd-intelligence’.
The Risk Prediction Initiative (RPI2.0) recently welcomed Dr. Mark Guishard as its new Science Program Manager.
In a nod to the value of crowdsourcing as an effective forecasting method, the Risk Prediction Initiative (RPI2.0) announces the start of its seasonal forecast competition, in which participants can win up to $5000.