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How can you predict the severity of a storm and the potential damage it could cause? One way is to understand how it's classified. A storm goes through a few different stages before becoming classified as a hurricane. These classifications are based on wind speeds and include ⬇️ 1️⃣ Tropical Disturbance: A cluster of thunderstorms with minimal cyclonic circulation. 2️⃣ Tropical Depression: Wind speeds reaching 23 to 39 mph 3️⃣ Tropical Storm: Wind speeds reaching 35 to 64 mph 4️⃣ Hurricane: Wind speeds over 74 mph Even if a storm appears large on radar, it doesn't mean it will cause more damage than a smaller storm with faster winds. So it's crucial to understand the distinctions between classifications to accurately predict the potential impact. Prepare for any type of storm or weather event with a reliable partner like TechLoss. We are experts when it comes to storms and assessing the damage to technology and equipment. We'll provide all the support and resources you need to get your insureds back in business as soon as possible following a hurricane or tropical storm. ⛈️ Call us today to submit a claim. 877-832-4567 (877-TechLoss) www.techloss.com #hurricanes #tropicalstorms #engineeringsolutions

Twelve Capital Event Update - 28 June 2024 Over the previous two weeks, the first Named Storm of the season was registered; Alberto which made landfall as a Tropical Storm in Mexico, with heavy rain and flooding across Mexico and south parts of Texas. No impact is expected to any Twelve Capital positions. In the Atlantic, there are currently two potential areas of development over the next seven days, one in the Caribbean Sea with a 20% chance, and an area out in the Main Development Region (middle of the Atlantic Ocean), with a 70% chance of development into a storm system. Should either of these areas develop into a Named Storm, the potential strength and direction of these areas will become clearer over the coming days. Twelve Capital continues to closely monitor relevant potential and actual catastrophe events and will issue specific updates on new major events that occur. #ILS #CatBonds #HurricaneSeason

With #HurricaneHelene having made landfall in Florida, fluctuations in its forecast highlight the need for accuracy in weather predictions. This week, we noted significant changes in forecast updates within just six hours, illustrating the importance of not overinterpreting individual forecasts and instead utilizing ensemble forecasting and probabilistic methods. For example, one model's member initially predicted a potentially catastrophic impact on the Florida panhandle by Thursday at 09:00 UTC, suggesting a record-setting storm. However, only six hours later, the same model member indicated a considerably weaker system for the same timeframe. As Filotas Paschos, our Meteorologist and Business Development Manager, emphasizes, “Understanding these models and their outputs is crucial; algorithms relying solely on individual forecasts can lead to poor decision-making. The combination of our high-resolution prognostic weather model and the probabilistic output provided by ensemble forecasting, along with the expertise of our meteorologists, can deliver accurate information in advance, promoting the safety of both crew and vessel.” Our SeaNavigator visuals display the probabilities of Hurricane Helene’s movement and the positions of nearby vessels, illustrating the importance of accurate forecasting in mitigating extreme weather conditions. For further guidance on the importance of forecast accuracy and tropical storm mitigation, feel free to reach out to our experts here: https://lnkd.in/eGPyGRMa

Why are catastrophe claims difficult to manage causing huge losses to carriers and bad customer experience to policyholders? Reducing Loss adjustment expenses and Managing Reserving by leveraging data based insights and predictions is key! #catastrophe #claims #charlee #dataanalytics #insights #predictiveanalytics #ai #reserves #loss #expenses

As of Monday, July 8th, Beryl has been a named storm for 10 days. Here are some of its most noteworthy meteorological accolades: ~Earliest Category 5 on record in the Atlantic Ocean ~The strongest storm to form in June (beating Audrey from 1957). ~Intensified from tropical depression to a 130-mph Category 4 in 48 hours, unprecedented for the time of year and among the fastest in any month. ~Fastest forward speed while a Category 5, beating Camille in 1969. ~Farthest south with winds of at least 150 mph in any month. ~Most accumulated cyclone energy for a single storm on record before Aug. 1, surpassing Emily from 2005. www.flowinsurance.com     #riskmanagement #flowflood #floodinsurance #privateflood #Beryl #Storm #Hurricane #TropicalStorm #privatefloodinsurance #NFIP #flow #gowithflow #gotflood #insurance #homeowners #floodforall #insurance #brokers #agents

Where the heck are all of the hurricanes?!? It’s early September – what should be the busiest stretch of #hurricaneseason. Forecasters predicted this one was going to be bad: storm after storm, the most bullish forecasts on record. Instead, the Atlantic Ocean is enveloped in a rare and strange calm that has flummoxed forecasters and reset their expectations. And the whole thing could be a glimpse at what’s to come as the planet gets hotter. Despite ideal conditions that fueled pre-season predictions of upwards of 20 named storms, the immediate prospects for one are bleak, and none have formed in the Atlantic since Ernesto in mid-August – a streak unmatched in 56 years. https://lnkd.in/dKWEFx8z . . #Propertycasualtyinsurance #propertycasualty #insuranceadjuster #insuranceclaims #insurance #ClaimsAdjusters #claimsmanagement #claims #claimsadjuster #independentadjuster #CATclaims #stormdamage #winddamage #flooding #waterdamage #haildamage

After hurricanes #Helene, #Kirk, #Milton, and #Leslie, the 2024 Atlantic hurricane season has racked up enough accumulated cyclone energy (ACE) to be considered above average. Even if no further storms form between now and November 30, we would end the season with above average activity. ACE is a wind energy index, defined as "the sum of the squares of the maximum sustained surface wind speed (knots) measured every six hours for all named storms while they are at least tropical storm intensity" according to NOAA (https://lnkd.in/eP8J2btN). Storms with greater intensities (i.e., category 3, 4, and 5 hurricanes) that have longer durations will rack up more ACE. Hence, this index is sometimes regarded as a more reliable indicator of total season activity, since a season with many weak storms may generate high storm numbers but low ACE. Graphic borrowed from Colorado State University: https://lnkd.in/e596C7_n #hurricanes #hurricaneseason2024 #tropicalcyclones #tropicalweather #weather #climate #riskmanagement #catmodeling #hurricane #tropicalwx

With shifting climatic conditions and intense tropical storms, a new Category 6 Whopper Hurricane (exceeding 192 m.p.h.) is being proposed by insurance experts. This showcases the possibility of similar increased risks being presented to insurers across other domains that can drastically change the way reserves are managed throughout the claim cycles. Analytical engines recognize such patterns of behavior to assess future probabilities that can be intelligently handled with foresight. #Hurricanes #Risks #Analytics #CharleeAi

Why does Weathernews use ensemble forecasting and probabilistic methods? Well when individual forecast models f.ex. go from catastrophic impact for the recent Hurricane “Helene” to a much weaker system in just 6 hours it is important to use different model outputs to have a reliable prediction. Read more about the forecasting technology from our experienced meteorologist Filotas Paschos below.⬇️