Insurers brace for impact with above-average hurricane season forecast
The post Insurers brace for impact with above-average hurricane season forecast appeared on BitcoinEthereumNews.com. John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Government scientists on Thursday released a forecast for the 2025 hurricane season, predicting a 60% chance it will be an above-average season. The National Oceanic and Atmospheric Administration, or NOAA, predicts this season will bring 13 to 19 named storms with winds 39 miles per hour or higher. It predicts six to 10 of the forecasted storms will grow to hurricane status, and three to five will become major hurricanes. Laura Grimm, the acting administrator of the NOAA and a marine scientist, sidestepped specific questions about how budget cuts aimed at climate science would affect the organization’s work and highlighted the vital work of the agency to help communities prepare and save lives. “Weather prediction, modeling and protecting human lives and property is our top priority. So we are fully staffed at the hurricane center, and we definitely are ready to go,” Grimm said in a news conference held in Jefferson Parish, Louisiana, to commemorate 20 years since Hurricane Katrina. Grimm also pointed out, thanks to improvements in the science and technology over the last 20 years, that NOAA’s hurricane prediction was spot-on last year. Hurricanes Helene and Milton caused more than $37 billion in insured losses in 2024, according to a report from Aon. Residents talk to a motorist on a street littered with storm debris from Hurricane Helene and Hurricane Milton in the aftermath of Hurricane Milton on October 10, 2024 in Venice, Florida. Sean Rayford | Getty Images Despite those losses, the U.S. property casualty insurance industry saw its best underwriting performance…
The post Insurers brace for impact with above-average hurricane season forecast appeared on BitcoinEthereumNews.com.
John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Government scientists on Thursday released a forecast for the 2025 hurricane season, predicting a 60% chance it will be an above-average season. The National Oceanic and Atmospheric Administration, or NOAA, predicts this season will bring 13 to 19 named storms with winds 39 miles per hour or higher. It predicts six to 10 of the forecasted storms will grow to hurricane status, and three to five will become major hurricanes. Laura Grimm, the acting administrator of the NOAA and a marine scientist, sidestepped specific questions about how budget cuts aimed at climate science would affect the organization’s work and highlighted the vital work of the agency to help communities prepare and save lives. “Weather prediction, modeling and protecting human lives and property is our top priority. So we are fully staffed at the hurricane center, and we definitely are ready to go,” Grimm said in a news conference held in Jefferson Parish, Louisiana, to commemorate 20 years since Hurricane Katrina. Grimm also pointed out, thanks to improvements in the science and technology over the last 20 years, that NOAA’s hurricane prediction was spot-on last year. Hurricanes Helene and Milton caused more than $37 billion in insured losses in 2024, according to a report from Aon. Residents talk to a motorist on a street littered with storm debris from Hurricane Helene and Hurricane Milton in the aftermath of Hurricane Milton on October 10, 2024 in Venice, Florida. Sean Rayford | Getty Images Despite those losses, the U.S. property casualty insurance industry saw its best underwriting performance…
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