A California modeling firm said today that the risk of hurricanes making U.S. landfall in many coastal regions is 40 percent higher than normal over the next five years.
Newark, Calif.-based Risk Management Solutions today said that projection is reaffirmation of its medium-term five-year view of the landfalling hurricane risk for the period of 2007-2011.
The company is projecting modeled annualized insurance losses for the Gulf Coast, Florida, and the Southeast that are 40 percent higher, on average, than losses derived using long-term 1900-2006 historical average hurricane frequencies. For the Mid-Atlantic and Northeast coastal regions, the percentage increase 25 to 30 percent relative to the longer term averages.
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