Le Lézard
Classified in: Business
Subjects: SVY, NAT

Triple-I: Fewer Storms Forecast, but 'Above-Average' Hurricane Activity Expected

ST. JOHNS, Fla., Aug. 4, 2022 /PRNewswire/ -- An updated 2022 Atlantic hurricane season forecast released today by Colorado State University (CSU) slightly reduced the projected number of named storms, hurricanes and major hurricanes while still envisioning an "above-average" level of tropical cyclone activity this season.

All it takes is one storm to make it an active hurricane season for you and your family so now is the time to prepare.

Led by Phil Klotzbach, PhD, also a non-resident scholar at the Insurance Information Institute (Triple-I), the CSU forecast team released its initial 2022 seasonal outlook on April 7 and an update on June 2. In its August update, CSU now anticipates 18 named storms rather than the 20 forecast in June, eight hurricanes instead of 10, and four major hurricanes as opposed to five. Major hurricanes are those with wind speeds reaching Category 3, 4 or 5 on the Saffir-Simpson Hurricane Wind Scale.

typical season has 14 named storms, seven hurricanes, and three major hurricanes. The Atlantic hurricane season continues through Nov. 30. Three named storms have already developed in 2022: Alex, Bonnie, and Colin. None of them made landfall in the U.S. Historically, 90 percent of hurricanes and 95 percent of major hurricanes form after Aug. 1.

"We are nearing the peak of the 2022 Atlantic hurricane season so this is the ideal time to gather your hurricane supplies and get your properties ready," said Sean Kevelighan, CEO, Triple-I. "Residents who live in coastal states from Maine to Texas are vulnerable to the direct impacts of hurricanes and tropical storms. Even though the updated forecast calls for somewhat less activity than originally forecast, all it takes is one storm to make it an active season for you and your family so now is the time to prepare."

The 2021 Atlantic hurricane season produced the third-most named storms on record. Seven of last year's 21 named storms were hurricanes, with four reaching major hurricane intensity. Category 4 Hurricane Ida made landfall in Louisiana on Aug. 29, 2021, and then caused deadly flooding along the East Coast a few days later. 

"Homeowners and business owners should review their policies with an insurance professional to make sure they have the right types, and amounts, of insurance to protect their properties from damage caused by either wind or water. That also means exploring whether they need flood coverage since flood-caused damage is not covered under standard homeowners, condo, renters, or business insurance policies. In addition, homeowners should take steps to make their residences more resilient to windstorms and torrential rain by installing roof tie-downs and making sure they have a good drainage system," Kevelighan recommended.

The updated CSU forecast indicates there is a 68 percent chance (full-season average for the last century is 52 percent) of a major hurricane making landfall in the continental U.S. this year. This includes a 43 percent chance for the U.S. East Coast, including the state of Florida, as well as a 43 percent chance of a major hurricane making landfall between the Florida Panhandle westward to Brownsville, Texas.

"Current La Niña conditions are likely to persist for the rest of the Atlantic hurricane season. We continue to anticipate an above-normal probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean," Klotzbach said. "Sea surface temperatures averaged across the tropical Atlantic and Caribbean are slightly warmer than normal. A warmer than normal tropical Atlantic provides more fuel for developing storms. However, sea surface temperatures are only slightly above normal, so the CSU forecast team considers this a mostly neutral factor for the remainder of the season."


Consumer Information
Catastrophes: Insurance Issues

Facts & Statistics

Dr. Klotzbach Discusses Updated 2022 Atlantic Seasonal Hurricane Forecast

The Triple-I has a full library of educational videos on its YouTube Channel.

SOURCE Insurance Information Institute

These press releases may also interest you

at 18:00
Global law firm Greenberg Traurig, LLP Real Estate Practice Of Counsel Robert D. Lane, Jr. was elected as a American College of Mortgage Attorneys fellow. "Greenberg Traurig is delighted that the American College of Mortgage Attorneys chose Bob as a...

at 18:00
Trip.com Group Limited ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial...

at 18:00
Market Leader, a longstanding pioneer in real estate lead generation, today announced the launch of Network Boost, its latest social media leads product iteration. Leveraging the built-in lead-capturing power of Facebook and Instagram, agents can...

at 17:59
California law firm Sklar Kirsh LLP announced that Partner Justin Goldstein has been profiled in the LA500 by Los Angeles Business Journal for the fourth year running. The LA500 recognizes the most influential and esteemed professionals in the Los...

at 17:45
ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors has approved, at the meeting held on this date, the payment of interest on capital to stockholders, in the amount of R$ 0.2663 per share, with income tax withholding at a...

at 17:44
The Tribunal issued an Order in the above-named matter. A copy of the Order dated June 7, 2023 is available at capitalmarketstribunal.ca    Registrar, Governance & Tribunal SecretariatOntario Securities Commission SOURCE Ontario Securities...

News published on and distributed by: