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When you hear a weather forecast, especially a long-range one, are you skeptical? Most people are, but sometimes the forecasts can be believed. The Colorado State University (CSU) team predicted a below-average Atlantic hurricane season for 2014, and they were right! That’s good news for P&C insurers as well as flood carriers, who can breathe a sigh of relief that the season’s over.

The CSU team originally predicted nine named storms, three hurricanes and one major hurricane. The prediction was later revised to 10 named storms, four hurricanes and one major hurricane. The actual tally for the 2014 Atlantic basin hurricane season from June to November is eight named storms, six hurricanes and two major hurricanes, according to the 2014 report funded by Interstate Restoration and Ironshore Insurance.

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