Tag Archives: Hurricanes

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Cumberland Advisors Guest Commentary – Outlook for the 2019 Hurricane Season

Author: Bob Bunting, Post Date: July 2, 2019

Bob Bunting brings his established credentials, including being a Director of the University Corporation for Atmospheric Research and a Lead Forecast for NOAA, to this guest commentary. He also mentions the Climate Adaptation Center (CAC), of which he is the CEO and which I personally support with money and effort. We thought it timely to […]

Is Climate Warming Creating More Dangerous Hurricanes?

Author: Bob Bunting, Post Date: December 21, 2018

Two Hard-Hitting Hurricane Seasons Last year was a September to remember in the US as far as hurricanes go. First, Harvey hit Texas with 130-mph winds and thundering rains totaling up to 60 inches in places, setting all-time US rainfall records. Next, Irma created havoc across the Caribbean and Florida as the strongest Atlantic hurricane […]

California, Land of Natural Disasters?

Author: Patricia Healy, CFA, Post Date: November 13, 2018
Market Commentary - Cumberland Advisors - California, Land of Natural Disasters

Last week we conducted a review of our California municipal bond holdings along the San Andreas Fault looking for holdings that may be more susceptible to credit deterioration in the event of a disaster. At the time, little did we know that wildfires would engulf large swaths of California. First, our hearts and prayers go […]

Responses to Climate Change & Markets

Author: David R. Kotok, Post Date: November 1, 2018
Market Commentary - Cumberland Advisors - Climate Change & Markets Responses

We thank readers for their many comments and criticisms regarding our commentary on climate change and markets. For those who missed the original piece, here is the link: “Climate Change & Markets,” https://www.cumber.com/climate-change-markets/. There were diverse responses ranging from total disagreement to full endorsement. No one offered observations about the market section. Many agreed that […]

Climate Change & Markets

Author: David R. Kotok, Post Date: October 23, 2018
Market Commentary - Cumberland Advisors - Climate Change & Markets

Why did Hurricane Michael intensify so quickly? And why was the Western US so hot and dry this summer? And what about climate change all across the rest of the global landscape and seascape? And what do I do with my portfolio? There are still many climate change deniers. But that cohort shrinks as more […]

Hurricane Michael and Bond Portfolio Management

Author: Patricia Healy, CFA, Post Date: October 17, 2018
Cumberland Advisors Market Commentary

The devastation from Michael in terms of lives and property damage is still being assessed. Our hearts go out to those affected. We have written (http://www.cumber.com/wildfires-abound/) about the general uptick in economic activity in a municipality after a storm or other natural disaster and the resulting maintenance of credit ratings. However, there could be a period […]

Key West, Bob Bunting

Author: , Post Date: November 21, 2017
Hurricane Irma - Florida Keys

Bob Bunting, a friend and accomplished professor whose expertise includes hurricanes, joined our small, fact-finding group on a trip to Key West and five other Keys that were hit by Hurricane Irma. Here is his narrative of the trip, which he has agreed to share with our readers. We thank Bob for joining us and […]

Puerto Rico and Recurring Hurricanes

Author: John R. Mousseau, CFA and Alex J. Pollock, Post Date: November 17, 2017
Cumberland Advisors Market Commentary - Hurricanes & Puerto Rico

Last Monday, November 6th, I was privileged to serve on a panel discussion at the American Enterprise Institute in Washington DC, where the topic was Puerto Rico after Hurricane Maria. The discussion covered a wide range in topics that included the damage to Puerto Rico as well as issues of finance, law, and markets.   The […]

US Hurricanes and the Bond Market

Author: John R. Mousseau, CFA & Gabriel Hament, Post Date: September 8, 2017
Cumberland Advisors Market Commentary

There has been much written over the years about the effects of hurricanes on equity markets. Clearly, such calamities have caused drop-offs in economic activity, followed by upticks in spending and consumption as affected areas rebuild. There is also considerable literature on the effects of large storms on property and casualty (P&C) companies. Generally speaking, these companies pay out substantial claims after the storms but usually benefit down the road as they obtain pricing power for future insurance premiums.

We wanted to look at some of the major storms in the United States to see if we could discern any trends or effects from these meteorological events on the bond markets.