As updated hurricane predictions continue to point to an active season with a greater chance of U.S. landfall, Fitch Ratings has warned that the season is approaching as many reinsurers have already used up their catastrophe budgets.
In a recent update to its Atlantic hurricane season prediction, Weather Services International (WSI), a member of the Weather Channel Cos., says it expects 15 named storms, including eight hurricanes and four intense hurricanes.
An active season does not necessarily mean storms will find U.S. land. Last year's historic season of 19 named storms and 12 hurricanes meant nothing to the United States, as no storm made U.S. landfall.
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