A defined correlation exists between elevated sea surface temperatures and overall hurricane activity in the Atlantic basin, according to a white paper published today by a leading catastrophe modeler.

But the researchers at Boston-based AIR Worldwide Corp. said there was difficulty using that finding to pin down certain loss projections.

The paper comes as the insurance industry eyes the onset of the 2006 hurricane season in three weeks, and follows on the heels of last year's record catastrophe losses.

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