Potential Tropical Cyclone nears Yucatan

TRACKING THE TROPICS: Invest 90-L upgraded to potential TC 7

A tropical storm watch means that winds in excess of 40 mph are possible over the next 48 hours.

Further east, Invest 99-L continues to move west-northwestward across the eastern Atlantic, approaching the greater Antilles later this week.

"The government of Mexico has issued a Hurricane Watch for a portion of the eastern Yucatan peninsula from Chetumal to Punta Allen", the forecaster added. Potential Tropical Cyclone 7 is moving westward toward the Yucatan Peninsula where it will likely make landfall as a tropical storm late tomorrow.

Storm Franklin is now well above the minimum pressure levels required to trigger payouts under the $100mn class B Atlantic hurricane layer of the $360mn bond.

Tropical Storm Franklin could become the first hurricane in the Atlantic this season, according to the National Hurricane Center. The system remains elongated, the NHC said in its 2 p.m. Sunday forecast, and the associated showers and thunderstorms are not yet well organized.

An Air Force Hurricane Hunter aircraft is scheduled to investigate the tropical storm Monday afternoon.

The Colorado State prediction goes on to say that there is a 27 percent chance the hurricane that hits Florida will be major, compared to a historical average of 21 percent. The National Hurricane Center gives it a 20 percent chance of potential development within the next five days. Using the entirety of hurricane records dating back to 1851, the average date of the sixth named storm formation is September 20 - so Franklin formed a whopping six weeks ahead of an average season. U.S. landfalling hurricane activity is also forecast to be above-norm.

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