Reinsurance

Hurricane Matthew caused devastating inland flooding because of heavy rains across multiple states, including record rainfall amounts in parts of North Carolina.

Hurricane Matthew battered the coast of the southeastern U.S., leaving behind a trail of coastal destruction, wind damage and freshwater flooding that has claimed at least 19 lives.

It began, like many great projects do, with a bold, crazy idea: 'What if we went to London?'

More than 1.5 million people are still without power as Matthew on Sunday brought Hurricane-force wind gusts and flooding to the outer banks of North Carolina, where the storm left at least seven dead.

Approximately 70% of outstanding cat bonds are tied to U.S. hurricanes, according to Bill Dubinsky, who leads the insurance-linked securities practice at Willis Towers Watson Plc.

Here's an overview of the categories of hurricanes from 1 to 5 and the kinds of damage each one can cause.