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10 July 2024 Insurance

Beryl could rack up multi-billion-dollar losses for US, a ‘wake-up call’ for 2024 season

The industry must remain vigilant and prepare for a challenging remainder of the 2024 Atlantic hurricane season, despite an anticipated brief lull following Hurricane Beryl. The early season and record-breaking storm serves as a wake-up call of potentially more frequent and unpredictable storm activity, a meteorologist has warned.

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2 July 2024   Beryl is the earliest category 5 hurricane on record in the Atlantic.
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4 July 2024   AM Best warns Caribbean carriers may face higher earnings impact due to increased retentions.
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8 July 2024   Beryl is expected to weaken steadily inland, likely becoming a tropical storm later today: NHC.