According to the National Oceanic and Atmospheric Administration (NOAA), the number of storms in an average hurricane season will increase with this year’s outlook. Researchers from NOAA’s Climate Prediction Center will now use the most recent 30-year period of record (1991-2020) in its hurricane season outlooks, which will increase the average number of named storms and hurricanes. The updated averages for the Atlantic hurricane season will be 14 named storms and 7 hurricanes, increasing from the average 12 named storms and 6 hurricanes based on the period from 1981 to 2010. The average for major hurricanes (Category 3, 4 or 5) will remain unchanged at 3.
“This update allows our meteorologists to make forecasts for the hurricane season with the most relevant climate statistics taken into consideration,” said Michael Farrar, director of NOAA’s National Centers for Environmental Prediction, in a media release.
NOAA said the increase reflects a very busy period of Atlantic hurricane activity over the last 30 years and may be due to the warming ocean and atmosphere, which are influenced by climate change. NOAA will issue its seasonal outlook for the 2021 hurricane season in late May.
Are Your Clients Prepared for Hurricane Season?
The best time to talk to your clients about flood insurance is before hurricane season strikes. Flood damage is not covered by traditional homeowners and property policies, leaving 80% of property owners unprotected. Yet even minor flooding can cause major damage, with an inch of water potentially costing tens of thousands of dollars.
Private flood solutions offer higher limits, broader coverages and more stable and competitive rates than what is available from the National Flood Insurance Program (NFIP). With over 25 years of industry-leading expertise, Tokio Marine Highland provides a wide range of innovative private flood solutions to ensure the right coverage for your insureds this hurricane season.
To learn more about Tokio Marine Highland’s comprehensive flood offerings or to have us quote your potential target risks, visit our website or contact us at PrivateFloodSolution@tmhighland.com.