The first Atlantic hurricane of this season is heading toward the U.S. Gulf Coast region and is expected to intensify over the next couple of days, while Tropical Storm Erin has made landfall in Texas bringing heavy rains and winds.
Steve Smith, senior vice president of ReAdvisory in Chicago, a unit of London-based reinsurance broker Carvill, said after Dean enters the Caribbean Sea, the storm is expected to "quickly intensify to a major hurricane."
"Dean could very easily be a threat to the U.S. Gulf Coast by the middle of next week," he said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
