According to a Guy Carpenter report, Tropical Storm Edouard made landfall on the upper Texas coast half way between High Island and Sabine Pass earlier this week with sustained winds of around 65 mph. The storm is traveling in a west-northwest direction and this motion is expected to take the storm north of Houston as it heads inland and weakens later this week. The National Hurricane Center (NHC) said tropical storm-force winds extend 70 miles from the center of the storm.

Risk-management firm EQECAT said some limited damage to oil facilitates near Edouard’s path could occur, but newer platforms are not expected to be functionally damaged, which will restrict offshore energy production losses. It added that insured losses are expected to be limited and are not expected to exceed $100 million. AIR Worldwide, meanwhile, said that it does not expect Edouard to cause significant insured losses.

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